Commodities Daily Forecast Oct 16 2015

forex com12
forex com12

Crude Oil: As long as 51.00 resistance holds on a daily closing basis, the Crude Oil remains in a pullback mode and further down couldn’t be ruled out, but downside move should be contained well above 46.50, below 46.50 will extend the pullback towards 44.54/42.90 levels, above 51.00 will restore the upside momentum…

Commodities Daily Forecast Oct 16 2015-Crude Oil

XAUUSD: As long as 1168 support holds on a daily closing basis, outlook in XAUUSD remains on the upside towards the 1188 levels ahead of the 1207 levels, below 1168 faces a pullback risk towards the 1155 levels before the next rise, further down, support comes at the 1147 levels.(Support and resistance: 1110/1119/1137/1147/1155/1163/1168/1188(main)/1207(main)/1225)……

Commodities Daily Forecast Oct 16 2015-Gold

XAGUSD: As long as 15.64 support holds on a daily closing basis, outlook in XAGUSD remains on the upside towards the 16.15 levels where a break will open 16.65 levels, below 15.64 faces a pullback risk towards the 15.24 levels before the next rise.

Commodities Daily Forecast Oct 16 2015-Silver

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