Gold maintains the extent above $1,680
Gold costs is perhaps beneath stress final week but it surely maintained the shut above $1,680. On the finish of the week, the value settled close to $1,700 deal with. This week, the value may proceed to keep up its bullish stress and can try to interrupt out above $1,700.
Merchants will observe the response inside $1,680 – $1,700 this week. If gold might shut above $1,700 then merchants will add lengthy positions.
At present important ranges to look at:
Assist: $1,680, $1,650, $1,600
Silver no bearish breakout
The value of silver was beneath stress final week and rejected from $15.20 resistance. There was a bearish engulfing sample however not sufficient bearish momentum to verify the sample. On the present time, so long as there isn’t a breakout beneath the sample low, silver has the chance to bounce and breakout above $15.20.
At present Important ranges to look at:
Resistance: $15.00, $15.20, $15.60
Crude oil set to problem $20.00
The OPEC manufacturing reduce is carried out this month and crude oil ought to maintain its bullish stress. Final week, the value closed contained in the bullish channel and never removed from $20.00. This week, the value may breakout above the resistance degree and proceed its bullish motion.
Nevertheless, if a bearish breakout beneath the channel occurs then merchants will put together for a short-term bearish reversal.
At present important degree to look at:
Assist: $18.00, $16.00
— to fxdailyreport.com