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GOLD AND CRUDE OUTLOOK: 22-05-2017

GOLD AND CRUDE OUTLOOK: 22-05-2017
May 22
17:14 2017

CRUDE

Crude started its northward movements after Saudi and Russia have agreed on the need to prolong the current cut until March 2018.  Crude got support at $48.21 and resistance at $50.33, the major hurdle lies at $55.

GOLD

Geo-political situations lifted the sentiments over gold, which is likely to move towards $1281 and most probably may test $1300 in the medium term.  Support is at $1236.

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ALEX MATHEWS

ALEX MATHEWS

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