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GOLD AND CRUDE OUTLOOK:23-10-2017

GOLD AND CRUDE OUTLOOK:23-10-2017
October 23
14:11 2017

Gold will trade sideways to weak after softer than expected Chinese GDP.  Supports for the yellow metal are at $1266 and $1259 per troy ounce.  Resistance for gold is at $1304 per troy ounce.

Crude is slightly positive because it managed to close above its 10 day moving average at $51.03.  It is facing resistance at $52.98 per barrel.  Support for the commodity is at $49.90 per barrel.

 

 

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ALEX MATHEWS

ALEX MATHEWS

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