WTI Crude Oil: Sees Pullback Threats !

Outlook in WTI Crude Oil has turned neutral, the pair remains in a pullback mode as long as trades below the 49.00 levels on a daily closing basis, but the pullback below 49.00 should be contained well by the 44.44/43.00 levels ( static support and 50.0% and 61.8% Fib retracement of recent run 39.67/49.40 ), below 43.00 will suggest large reversal and may bring a lower leg below the 39.667 levels…

On the upside, above 49.00 levels will restore the upside momentum and turn the focus again on the 50.90 levels ahead of the 52.09 levels…

Conclusion: The WTI oil sees pullback threats below the 49.00 levels…

Support and resistance : 39.67, 40.88, 41.75, 43.00(main), 44.44 ( main), 45.70, 49.00, 50.90, 52.09

Commodities Daily Forecast Aug 25 2016-WTI OilXAUUSD: Risk Has Shifted To The Downside !

 The XAUUSD maintain a bearish momentum yesterday, topped at the 1340 levels and bottomed at the 1323 levels.

This development leaves the pair targeting the 1310 levels, a halt is likely and a reversal may occur, however, below 1310 will open 1295, further down, support stands at the 1277 levels.

On the upside, resistance comes at the 1340 levels, above 1340 will turn the focus back to the 1367 levels, above 1367 will aim the 1375 levels…

Conclusion: The XAUUSD continues to face downside threats below 1340 levels…

Commodities Daily Forecast Aug 25 2016-XAUUSD

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