Commodities Daily Forecast Feb 20 2020

Forex oil 986574 fghy

WTI Oil: Light Bullish With Risk To 55.00 Levels…

As long as 52.20 support holds on a daily closing basis. WTI Oil remains on the upside to 55.00 levels. A halt is likely, it may turn lower around here, but a break would open 57.30 next, further upside, resistance comes in the 59.00 levels.

On the downside, support comes at the 52.30 level. Below 52.30 sees a fall risk to 49.15 levels, further down, support comes at 46.75 level.

In conclusion: WTI Oil sees upside threats above 52.30 levels.

Support: 52.30, 49.15, 46.75, 43.90

Resistance: 55.10, 57.40, 59.00, 60.00

Commodities Daily Forecast Feb 20 2020 WTI OilXAUUSD: Bullish Eyes Further Upside…

As long as 1605 support holds on a daily closing basis. The XAUUSD remains on the upside to the 1621 level. A halt is likely, it may test 1605 before attempts to break higher. However; above 1621 aims the 1640 level, further upside, resistance comes in the 1663 level.

On the downside, support comes at 1605 levels. Below 1605 sees a pullback threat to 1580 before another rise.

In conclusion: The XAUUSD sees upside threats above 1605/1580 levels…

Support: 1605, 1580, 1568, 1552, 1531

Resistance: 1621, 1640, 1663, 1679, 1699

Commodities Daily Forecast Feb 20 2020 GoldXAGUSD: Bullish But Hesitates Ahead Of 18.44 Level…

As long as 18.21 support holds on a daily closing basis. The XAGUSD remains on the upside to 18.44 level. A halt is likely, it may test 18.21 before attempts to break above 18.44 level. Anyway; above 18.44 aims the 18.73 level, further upside, resistance comes in the 19.05 level.

On the downside, support comes at the 18.21 level. Below 18.21 sees a corrective pullback threat to 17.72/17.45 level before another rise…

In conclusion: The XAGUSD sees upside threats above 18.21 levels.

Support: 18.21, 17.72, 17.45, 17.17

Resistance: 18.44, 18.73, 19.05, 19.28

Commodities Daily Forecast Feb 20 2020 Silver

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