Commodities Daily Forecast Apr 17 2015

oil-65984-min-compressor

Crude Oil: As long as 54.54/53.00 support holds on a daily closing basis, the outlook in Crude Oil remains on the upside towards the 57.40 levels ahead of the 61.00/65.00 levels, below 53.00 levels faces a pullback risk above the 47.42/50.00 levels before the next rise…

Commodities Daily Forecast Apr 17 2015_Crude Oil

Brent Oil: As long as 62.55/60.15 support holds on a daily closing basis, the outlook in Brent Oil remains on the upside towards the 65.00 levels ahead of the 68.00 levels, below 60.15 levels faces a pullback risk towards the 59.00/57.59 levels before the next rise…

Commodities Daily Forecast Apr 17 2015_Brent Oil

XAUUSD: Outlook in XAUUSD remains neutral at the moment, support comes at the 1192 levels, a cut will open main support at the 1175 levels where strong rejection is suggested, however, a clear break below the 1175 levels will restore the mid-term downward trend and open the 1159 levels ahead of the 1142/1131 levels. On the upside, a sustained breakout above the 1215 levels is needed to restore the short upwards trend, If seen focus will be on the 1227 levels ahead of the 1250 levels…

Commodities Daily Forecast Apr 17 2015_XAUUSD

XAGUSD: As long as 16.53 resistance holds on a daily closing basis, the outlook in XAGUSD  remains on the downside towards the 15.94 levels ahead of the 15.54/15.00 levels, above 16.53 faces a recovery risk towards the 16.85/17.40 levels before the next fall.

Commodities Daily Forecast Apr 17 2015_XAGUSD

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