Commodities Monthly Forecast Oct 2016

WTI Crude Oil, Bullish But Hesitates Around Critical Resistance...XAUUSD, Consolidate With Upside Bias...XAGUSD, Consolidates With Upside Bias...

WTI Crude Oil, Bullish But Hesitates Around Critical Resistance…

As long as 43.15 support holds on a monthly closing basis, the WTI Oil remains on the upside towards the 49.70 levels, we might see hesitation around this level, however; sustained break (multi-weekly closing) above 49.70 will accelerate the bullish move to the 5913/63.27 levels. On the downside, below 43.15 sees a corrective pullback 34.67 levels, below 34.67 will restore the downside momentum and open the 25.80 levels. Note that a failure to take out the 49.70 levels could mean a return to the 43.15 levels before the next rising…

commodities-monthly-forecast-oct-2016-wti-oilXAUUSD, Consolidates With Upside Bias…

As long as 1293 support holds on a monthly closing basis, the XAUUSD remains┬áneutral with risk to the upside to the 1375 levels ahead of the 1433 levels, below 1293 sees a pullback risk to the 1238/1200 levels before the next rising…

commodities-monthly-forecast-oct-2016-xauusdXAGUSD,┬áConsolidates With Upside Bias…

As long as 18.68/17.80 support holds on a monthly closing basis, the XAGUSD remains┬áneutral with risk to the upside to the 22.06 levels ahead of the 25.11 levels, below 17.80 sees a pullback risk to the 15.80/14.53 levels before the next rising…

commodities-monthly-forecast-oct-2016-xagusd

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