Market Next

GOLD AND CRUDE OUTLOOK: 03-10-2016

GOLD AND CRUDE OUTLOOK: 03-10-2016
October 02
18:22 2016

GOLD

Gold outlook is weak because of strong dollar and it is having support at $1302 and $1300 levels and it has resistances at $1326 and $1349, buying can be expected ahead of Diwali.

CRUDE

Crude recovered on expectation of oil production freeze by OPEC, and it is likely to move up further towards $50 per barrel.  Strong dollar kept the prices slightly under pressure, but still crude looks very strong in the near term.

About Author

ALEX MATHEWS

ALEX MATHEWS

Related Articles