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 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

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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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