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: Nothing New. PE

Gold at 1274.28 looks to be ranges within 1260-1280 yet this week and some consolidation is possible next week too. Thereafter the price may start to rise above 1280 while the support at 1260 holds.

Silver at 16.59 attempted a rise to 17 Wednesday, but came off sharply to close lower. 16.75 may hold on the Northside and push the Devils Metal below 16.50 near term.

Brent Crude at 55.91 could try to rise to 56.65 in here, before resuming its fall to 55.

WTI Crude Oil at 49.99 has room to fall to 49.50 or lower near term.

Copper at 2.9650 is stable in the 2.90-3.00 zone. A break on either side is needed for clarity on its direction.

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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