Commodities Daily Forecast Nov 10 2015

Oil_platform_P-51_(Brazil)

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 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 10 2015-Crude Oil

XAUUSD: As long as 1095 resistance holds on a daily closing basis, the outlook in XAUUSD remains on the downside towards 1087/1082 levels, a halt is likely and a reversal may occur, however, a cut through the 1082 will bring a free fall towards the 1047 levels, above 1095 faces a pullback risk towards the 1107/1117 levels…

Commodities Daily Forecast Nov 10 2015-Gold

XAGUSD: As long as 14.75 resistance holds on a daily closing basis, the outlook in XAGUSD remains on the downside towards the 14.23/13.93 levels, above 14.75 faces a recovery risk toward the 15.00/15.30 levels.

Commodities Daily Forecast Nov 10 2015-Silver

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