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GOLD AND CRUDE OUTLOOK: 15-08-2017

GOLD AND CRUDE OUTLOOK: 15-08-2017
August 16
04:22 2017

GOLD AND CRUDE

Gold recovered heavily after the worsening geo-political situations, investors bought gold for safe haven.  Gold has support at $1276 and has resistance at $1301.  The charts are suggesting sharp upside towards $1367 per troy ounce.  Escalating geo-political tensions could support the uptrend.  Weakening dollar and downbeat in inflation data’s are also supported gold.

Crude moved down after testing $50 mark, investors cut their long positions after OPEC output data increased in July.  Crude has support at $48.34 and $ 45.60 per barrel.  Resistance for crude lies at $50.10 per barrel.

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TEAM TDB

TEAM TDB

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