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GOLD AND CRUDE OUTLOOK: 01-05-2017

GOLD AND CRUDE OUTLOOK: 01-05-2017
April 30
16:03 2017

GOLD AND CRUDE

Gold is sideways due to strong dollar, it may get strong support at $1265 and $1245 per troy ounce.  Price declines can be utilized to enter into it especially at the current world market scenario due to geo-political tensions.  Gold has resistances at $1285 and $1300 per troy ounce.

Crude is weak due to high US oil rig count and lower demand.  Crude has support at $48.35 and $ 47.90 per barrel and resistances at $50.55 and $52 per barrel.

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ALEX MATHEWS

ALEX MATHEWS

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