Commodities Daily Forecast Dec 29 2015

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Crude Oil: As long as 35.91 support holds on a daily closing basis, the Crude Oil remains in a recovery mode, and further upside couldn’t be ruled out towards the 38.50/39.03 levels before the next fall, below 35.91 will restore the downside momentum and open the 34.00 levels…above 39.03 will extend recovery towards the 40.95 levels…

Commodities Daily Forecast Dec 29 2015-Crude Oil

XAUUSD: As long as 1087 resistance holds on a daily closing basis, the outlook in XAUUSD remains neutral with risk to the downside towards the 1047 levels, a cut will resume the bearish move towards the 1030/1015 levels, above 1087 will extend recovery towards the 1117/1133 levels…(Minor support 1069)…

Commodities Daily Forecast Dec 29 2015-Gold

XAGUSD: As long as 14.35/14.71 resistance holds on a daily closing basis, the outlook in XAGUSD remains neutral with risk to the downside towards the 13.40/13.00 levels, above 14.71 faces a recovery risk towards the 15.40/16.35 levels before the next fall…

Commodities Daily Forecast Dec 29 2015-Silver

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