Gold, Silver, Copper, Crude Oil And Nat Gas

$GLD, $SLV, $JJC, $USO, $UNG

WTI Crude Oil up 0.07 at 59.68 bbl
July Nat Gas ended down 0.08 at 2.73 MMBtu
Aug Gold lost 18.40 at 1180.50 oz
July Silver rose 0.03 to 16.15 oz
Sep COMEX Copper unch at 2.575 lb

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Commentary

Monday, US Gold prices finished pit trade lower.

Greece and EU officials met Monday to try to finalize a debt-restructuring deal. No agreement was reached, but the parties were reported upbeat about prospects for an agreement to be reached this week.

There are reports that said some EU officials do not believe a deal with Greece is imminent. The European Central Bank (ECB) Monday had to increase the emergency lending mechanism to Greece due to the increase in public withdrawals of cash from banks.

.DXY was a bit higher to start the week, Crude Oil prices were also a bit higher.

China markets were closed Monday for a holiday.

The London PM Gold Fix is 1,185.50 Vs the London AM Fix at 1,193.70.

Technically speaking

Aug Gold futures prices closed near the session low. A 2-wk-old uptrend is now in place on the daily, but Bears still in charge.

Gold Bulls next Northside objective is a close above resistance at 1,205.70.

Gold Bears next Southside objective is a close below support at 1,161.00.

1st resistance is seen at 1,191.80, then at 1,200.00.

1st support is seen at 1,181.60 then at 1,175.00.

Stay tuned…

HeffX-LTN

Paul Ebeling