Commodities Weekly Forecast Nov 02 2015

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Crude Oil: As long as 47.70 resistance holds on a weekly closing basis, the crude oil remains in a pullback mode and further down couldn’t be ruled out towards the 40.00/37.92 levels before the next rise, further down, support comes at the 32.42 levels. Above 47.70 will open 51.30/53.15 levels.
Commodities Weekly Forecast Nov 02 2015-Crude Oil

XAUUSD: As long as 1164 resistance holds on a weekly closing basis, the XAUUSD remains in a pullback mode and further down couldn’t be ruled out, but downside move should be contained well by the 1130/1115 levels, further down support comes at the 1089 levels, above 1164 will restore the upside momentum and open the 1191/1206 levels.

Commodities Weekly Forecast Nov 02 2015-XAUUSD

XAGUSD: As long as 15.50/15.82 resistance holds on a weekly closing basis, the XAGUSD remains in a pullback mode and further down couldn’t be ruled out, but downside move should be contained well by the 15.11/14.37 levels, further down support comes at the 13.41 levels, above 15.82 will restore the upside momentum and open the 16.50 levels.

Commodities Weekly Forecast Nov 02 2015-XAGUSD

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