Gold, Silver, Copper and Crude Oil Briefing
$GLD, $SLV, $CU, $USO, $OIL
Commentary: Nothing New. PE
Gold at 1268.45 is ranged within the 1285-1260, could trade sideways for more sessions.
Silver at 16.61 is trading sideways, but could come off towards 16.50-16.25 near term.
Gold-Silver Ratio at 76.298 could test support at 75.80, while that holds, could see a bounce to 77 in the next 2-3 sessions.
Brent Crude at 56.91 bounced from above supports at 54.80-55.00 as seen on the 3-day candles. While 1st support holds, the price could move up to 57-58.
WTI Crude Oil at 50.73 has room on the Southside now with the potential to move South to 49.00-48.50.
Copper at 3.0475 rose sharply and is trading above 3.00. While above 3.00 will see 3.10 near term. My view is Bullish Copper for now.
Have a terrific weekend