Commodities Daily Forecast Dec 05 2017

WTI Oil: Faces Pullback Threats Below The 95.13 Levels! XAUUSD: Bearish Eyes Further Downside, Resistance At 1289 Levels!


WTI Oil: As long as 57.02 support holds on a daily closing basis, the WTI Oil remains neutral with risk to the upside to the 59.13 levels where a break will aim the 60.52/62.18 levels. Below 57.02 sees a fall risk to the 55.00/54.08 levels.

XAUUSD: As long as 1289 resistance holds on a daily closing basis, the XAUUSD remains on the downside to the 1266 levels ahead of the 1258 levels, below 1258 sees a fall risk to the 1243 levels ahead of the 1235/1228 levels. Above 1289 sees a recovery risk to the 1305/1313 levels before another fall.

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