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GOLD AND CRUDE OUTLOOK: 10-04-2017

GOLD AND CRUDE OUTLOOK: 10-04-2017
April 09
16:24 2017

CRUDE AND GOLD

Crude oil is getting strong support from the lower levels and the recent geo-political tensions and OPEC members’ decision to curb oil production to stabilize the crude price will support the prices.   Crude has support at $50.74 and resistance $ 53.57 per barrel.

Like crude gold also moved up sharply after reports of US attacks on Syria.  Gold made a high at $1273.9 last week, and has support at $1239.67 per troy ounce.  Higher demand can take gold price towards $1284.91 per troy ounce.

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ALEX MATHEWS

ALEX MATHEWS

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