Key Stock, Crude, Gold and Silver Markets Briefing

Key Stock, Crude, Gold and Silver Markets Briefing

Key Stock, Crude, Gold and Silver Markets Briefing

$DIA, $DAX, $GLD, $SLV, $OIL, $USO, $CU

Commentary: All US financial markets were closed Thursday for Thanksgiving, they will open at 9:30a and close at 1:00p EST Friday for a 1/2 day session. PE

DJIA at 19083.18, +0.31% was closed Thursday and could possibly continue to move up Friday targeting the 1st  resistance near 19200-19250 near term.

DAX at 10689.26, +0.25%) is staying within 10600-10800, and there is not ahead near term unless this action breaks on either up or down. Patience in here.

Nikkei at 18473.94, +0.77% is in a strong rally, could test target of 18630 in here. It has also pulled up USD/JPY (113.75) with itself and looks Bullish near term.

Shanghai at 3226.41, -0.45% came off from weekly resistance near 3270 and if that holds, see a fall to 3200-3175 or lower near term before again bouncing back.

Nifty at 7965.50, -0.84% not seeing a sharp fall below 8000, it is able to recover the fall seen in early trade to close at marks closer to 8000, from there expect a fall towards 7900-7800 medium term.

 

Crude Oil, Gold, Silver & Copper Markets

Commentary: Commodities are overall Bearish except Crude Oil which is stable in here, and may take some time to decide on further direction, Copper may be close to a near term top. PE

Copper at 2.6430 is trading above 2.60 for now and could move up towards 2.75-3.00 before coming off sharply to lower marks near 2.50/40 medium term.

Gold at 1176.90 is under strong Bear influence, so could easily see some more fall to 1150-1130 near term.

Silver at 16.27 is ready to break 1st support near current marks and could see 16.00-15.65 near term.

Brent Crude at 48.93, and WTI Crude Oil 47.92 are stable near current marks. Crude Oil may remain stable for a few more sessions before the OPEC meeting on 30 November. Keep an eye on Key resistance near 50-52 levels on both pricings.

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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