Commodities Monthly Forecast Aug 2016

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” WTI Crude Oil : Sees Consolidation “

WTI Crude Oil: Outlook in U.S Oil has turned neutral, support comes at the 40.88 levels while resistance comes at the 49.70 levels.

On the upside, above 49.70 will restore the upside momentum and open the 59.13/63.27 levels before the next fall…

On the downside, below 40.88 sees a pullback risk towards the 34.67 levels, a halt is likely but below 34.67 levels sees a fall risk towards the 25.00 levels…

Conclusion: The WTI Oil is likely to consolidate within 40.88/49.70 range….

Commodities Monthly Forecast Aug 2016-WTI Oil“XAUUSD: Bullish, Sees Upside Threats To The 1433 levels”

XAUUSD: As long as 1327/1289 support holds on a monthly closing basis, the XAUUSD remains on the upside towards the 1433 levels, a halt is likely but a break will pave the way towards the 1488 levels…

On the downside, below 1289 sees a corrective pullback towards the 1200 levels before the next rise, below 1200 will extend the pullback towards the 1115 levels before the next rise.

Conclusion : The XAUUSD continues to face upside threats above the 1289 levels…

Commodities Monthly Forecast Aug 2016-Gold

“XAGUSD: Bullish With Risk Towards The 22.00 Levels”

XAGUSD: As long as 18.68 support holds on a monthly closing basis, the XAGUSD remains on the upside towards the 22.06 levels, a halt is likely but a break would open 25.11 levels, further upside, resistance comes at the 28.36 levels.

On the downside, below 18.68 sees a pullback risk towards the 15.80/14.53 levels before the next rise…

Conclusion: The XAGUSD sees upside threats above the 18.68 levels…

Commodities Monthly Forecast Aug 2016-Silver

MARKET DATA

UPCOMING ECONOMIC EVENTS

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