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GOLD AND CRUDE OUTLOOK: 21-11-2016

GOLD AND CRUDE OUTLOOK: 21-11-2016
November 21
15:07 2016

GOLD

Gold is weak due to strong dollar and current market conditions, which is having support at $1198.35 per troy ounce.  The yellow metal has resistance at $1232.75 in the short term.  According the technical analysis price recovery can be expected in the near term after this technical correction.

CRUDE

Crude is still weak, but oversold and have support at $44.41 and $43.54, the commodity h as resistances at $46.26 and $46,61 in the short term.  Major technical indicators are still looking weak, so price raises can be utilised to reduce long positions

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ALEX MATHEWS

ALEX MATHEWS

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