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GOLD AND CRUDE OUTLOOK: 04-12-2017

GOLD AND CRUDE OUTLOOK: 04-12-2017
December 04
03:07 2017

Gold

Gold is weak and it is likely to remain sideways to negative and it is likely to get support at $1269 per troy ounce.  Below this level it may even test $1250.  Gold is likely face resistance at $1285 and $1300 per troy ounce.  Low level buying can be expected.

Crude

Crude is slightly positive and it may test $59 per barrel in the short term, if that level has been taken off then we can see crude moving towards $60 per barrel.  Support lies at $57.10 and $56 per barrel.  Geo-political tensions will keep the price positive in the short term.

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ALEX MATHEWS

ALEX MATHEWS

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