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GOLD AND CRUDE OUTLOOK: 09-10-2017

GOLD AND CRUDE OUTLOOK: 09-10-2017
October 13
02:28 2017

GOLD

Gold looks slightly positive because of weak dollar.  Dollar weakened after dismal US job data’s.  If the situation persists then the Federal Reserve may keep the interest rate unchanged.  Gold has support at $1257 and $1250.  Resistance for the gold lies at $1280 and $1282.

CRUDE

Crude is weak, after testing above $50 per barrel the commodity started declining because of high US production.  Crude has support at $49 per barrel and $48.07 per barrel.

 

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ALEX MATHEWS

ALEX MATHEWS

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