Commodities Daily Forecast Oct 30 2015

forex commm
forex commm

Crude Oil: Outlook in Crude Oil is neutral with risk to the downside at the moment, resistance comes at the 46.50 levels, a failure to hold above the 46.50 levels on a daily closing basis could mean a return to the 42.90 levels, a halt is likely, but a cut would open 39.61 next, further down support comes at the37.92 levels.On the upside, break of 46.50 on a daily closing basis will open 47.93 before the next fall, above 47.93 will extend gains towards 51.30 levels.

Commodities Daily Forecast Oct 30 2015-Crude Oil

XAUUSD: As long as 1152/1156 resistance holds on a daily closing basis, the Outlook in XAUSD remains on the downside towards the 1144/1136 levels, a cut will pave the way towards the 1110/1104 levels. Above 1156 faces a recovery risk toward the 1189 level 1183 levels (Minor resistance comes at the 1166/1174 levels).

Commodities Daily Forecast Oct 30 2015-XAUUSD

XAGUSD: As long as 15.98 resistance holds on a daily closing basis, the outlook in XAGUSD remains on the downside towards the 15.31 levels ahead of the 15.00 levels, above 15.98 faces a recovery risk towards the 16.35 levels before the next fall.

Commodities Daily Forecast Oct 30 2015-XAGUSD

 

 

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