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GOLD AND CRUDE OUTLOOK: 20-11-2017

GOLD AND CRUDE OUTLOOK: 20-11-2017
November 19
14:21 2017

Outlook for Gold

Gold once again turned out to be positive due to falling bond yields,  weak dollar ahead of Federal Reserve meeting on next month.  Gold has support at $ 1278 and $1268 per troy ounce and have resistance at $1305 and if that level has been take off then we can see gold moving to the level of $1350 per troy ounce.

Outlook for Crude

Crude is positive, but we saw minor profit booking on Thursday after Iraq and Turkey decided to export crude, which was halted due to various reasons.  Technically Crude is likely to move above $58 per barrel and have support at $55.04 and $54.26 per barrel.

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ALEX MATHEWS

ALEX MATHEWS

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