Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

$GLD, $SLV, $CU, $USO, $OIL

Commentary: Overall precious metals are trading low after the FOMC policy meet Wednesday as SD rose to 93.50 from marks near 91.70. Copper could turn Bearish, Crude Oil may move up now, but could face some rejection at the major resistances. PE

Gold at 1299.30 tested to 1296 Tuesday on a spike in USD after the FOMC policy meet Wednesday. In case the price holds below 1300, then chances of a fall to 1280-1260. Wait for confirms.

Silver at 17.09 is down and could fall to 17.00-16.75 in here before rising again.

is an important resistance zone for

Brent Crude at 56.18, the Key resistances are 56.55-57.20 from where the price could come off near term.

WTI Crude Oil at 50.71 can test resistance 52 before coming off again to 50.

Copper at 2.9365 is trading below support near 2.95 and if that holds, the fall could extend towards 2.90 or lower medium term.

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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