Gold, Silver, Copper and Crude Oil Briefing
$GLD, $SLV, $CU, $USO, $OIL
Commentary: Commodities are all mixed; precious metals reversed to Bullish over the next couple of sessions, while Crude Oil prices remain stable, Copper looks Bullish for the coming sessions. PE
Brent Crude at 55.39, and WTI Crude Oil at 50.23 are stable and may come off from current marks in the next few sessions. While trading below 56.00 and 50.81, there could be some sideways consolidation followed by a dip towards 54.50 and 49.
Gold at 1312.28 bounced from near 1303, and could move North to 1320. While trading above 1300, some Bullish possibilities remain towards 1330, but a clear break below 1300-1296 may make the price vulnerable to a fall.
Silver at 17.30 is up from 17.18, and could now move North to 17.50.
Copper at 2.98 is holding above support at 2.95, it can move back up to 3.00-3.05 in the coming sessions. Near term may be Neutral to Bullish for a few sessions.