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GOLD AND CRUDE OUTLOOK: 24-07-2017

GOLD AND CRUDE OUTLOOK: 24-07-2017
July 24
02:37 2017

GOLD AND CRUDE 

Gold looks positive after weak dollar and global uncertainties and strong technicals.  The yellow metal has resistances at $ 1259.81 per troy ounce and $ 1264 per troy ounce.  Gold has support at $1247 and $ 1235 per troy ounce.  Price declines can be utilised to enter into it for short term gains.

Crude oil looks slightly weak after Saudi Arabia, UAE and Nigeria’s higher production output.  Crude has support at $ 45.60 per barrel and resistance at $47.70 per barrel.

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ALEX MATHEWS

ALEX MATHEWS

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