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GOLD AND CRUDE OUTLOOK: 27-11-2017

GOLD AND CRUDE OUTLOOK: 27-11-2017
November 27
01:59 2017

Gold is likely trade in a narrow range due to profit booking and political uncertainty in Germany.   Gold will trade in a range of $1295-$1280 per troy ounce.  A major break out in either side needs strong volume growth along with positive or negative news.

Crude is positive and it has resistance at $59.2 and likely to move above $60 in the coming weeks.  Strong support can be expected at $58 and $56.78.  OPEC and Russia extended oil production cuts and major oil pipeline Keystone pipeline disruptions.

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ALEX MATHEWS

ALEX MATHEWS

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