Commodities Daily Forecast May 06 2015

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Crude Oil : As long as 58.76 support holds on a daily closing basis , outlook in Crude Oil remains on the upside towards the 60.00/62.75 levels ahead of the 65.00 levels  , below 58.76 faces a pullback risk towards the 55.95 levels before the next rise..

Commodities Daily Forecast May 06 2015_Crude OIl

Brent Oil : As long as 65.85 support holds on a daily closing basis , outlook in Brent Oil remains on the upside towards the 68.00/70.00 levels ahead of the 74.00 levels  , below 65.85 faces a pullback risk towards the 61.66 levels before the next rise..

Commodities Daily Forecast May 06 2015_Brent Oil

XAUUSD: Outlook in XAUUSD is neutral , the pair is trapped within 1170/1192 levels , above 1192 will open 1201/1215 levels , below 1170 will open 1159/1142 levels..

Commodities Daily Forecast May 06 2015_Gold

XAGUSD: Outlook in XAGUSD is neutral , the pair is trapped within 15.60/16.66 levels , above 16.66 will open 17.40/18.00 levels , below 15.60 will open 15.00/14.12 levels..

Commodities Daily Forecast May 06 2015_Silver

 

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