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GOLD AND CRUDE OUTLOOK:15-05-2017

GOLD AND CRUDE OUTLOOK:15-05-2017
May 14
16:24 2017

GOLD AND CRUDE

Gold is weak, trading below the 10day simple moving average at $1236 per troy ounce.  Weakening geo-political tensions and lower demand kept the commodity price under check.

Crude is slightly positive after OPEC decision to curb production till November 2017.  Crude has support at $ 45.97 and $45.26 per barrel.  As the momentum is still favours bears can cause bull-liquidation at higher levels.

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ALEX MATHEWS

ALEX MATHEWS

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