Commodities Daily Forecast Sept 30 2015

Oil_platform_P-51_(Brazil)

Crude Oil: As long as 44.50/42.90 support holds on a daily closing basis, the outlook for Crude Oil remains neutral with risk to the upside towards the 47. 50 levels ahead of the 50.00/51.50 levels, below 42.90 faces a pullback risk towards the 39.60 levels before the next rise.

Commodities Daily Forecast Sept 30 2015-Crude Oil

XAUUSD: As long as 1146 resistance holds on a daily closing basis, the XAUUSD remains in a pullback mode and further down couldn’t be ruled out, but downside move below 1146 should be contained well by 1119/1110 levels where the rebound is very likely, below 1110 will build strong pressure on the 1095 levels, above 1146 will open 1155/1170 levels. (Note: above 1131 will open 1146)…

Commodities Daily Forecast Sept 30 2015-XAUUSD

XAGUSD: As long as 14.42 support holds on a daily closing basis, the XAGUSD remains neutral with risk to the upside towards the 15.3 levels, a clear break below 14.42 will reverse risk towards the 14.00 levels ahead of the 13.00 levels.

Commodities Daily Forecast Sept 30 2015-XAGUSD

MARKET DATA

UPCOMING ECONOMIC EVENTS

2 COMMENTS

  1. Hello Mr. Khan …and thanks for your comment.

    At the moment: Gold is in a pullback mode, the pair is around multi support levels on the daily time frame, so It can’t move so fast!!!

    If you check out the 1-hour chart, buyers are trying to bottom around those levels..so strong rebound may come soon, anyway, On the 4-hour chart, the pair under heavy pressure, it may rebound to 1146 before the next possible fall…

    XAUUSD-H1

    XAUUSD-H_4

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