Commodities Daily Forecast Nov 06 2015

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Crude Oil: As long as 47.50 resistance holds on a daily closing basis, the Crude Oil remains in a pullback and further down towards the 45.50/42.90 levels couldn’t be ruled out, but downside move should be contained well above the 42.90 levels, above 47.50 will restore the upside momentum and┬ápave the way towards the 48.50 levels ahead of the 51.30 levels.

Commodities Daily Forecast Nov 06 2015-Crude Oil

XAUUSD: As long as 1108 resistance holds on a daily closing basis, the outlook in XAUUSD remains on the downside towards 1104/1095 levels ahead of the 1187/1182 levels, above 1108 faces a recovery risk towards the 1117 levels, further upside will extend recovery towards the 1133 levels, below 1182 sees a free fall towards the 1047 levels.(Note that a clear break below 1104 will accelerate the expected bearish move).

Commodities Daily Forecast Nov 06 2015-Gold

XAGUSD: As long as 15.32 resistance holds on a daily closing basis, the outlook in XAGUSD remains on the downside towards the 14.73/14.50 levels, above 15.32 faces a recovery risk toward the15.54 levels. ( Minor resistance comes at the 15.07 levels, above 15.07 will open main resistance 15.32).

Commodities Daily Forecast Nov 06 2015-Silver

 

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