Daily Gold /Silver/Crude Oil

Gold: Yellow Metal Trading On A Weaker Footing This Morning:

For the 24 hours to 23:00 GMT, Gold rose 0.16% against the USD and closed at USD1278.50 per ounce, as weakness in global equities and continuous uncertainty over US tax reforms increased demand of the precious yellow metal.

In the Asian session, at GMT0400, the pair is trading at 1276.30, with the gold trading 0.17% lower against the USD from yesterday’s close.

The pair is expected to find support at 1274.57, and a fall through could take it to the next support level of 1272.83. The pair is expected to find its first resistance at 1278.97, and a rise through could take it to the next resistance level of 1281.63.

The yellow metal is trading below its 20 Hr and 50 Hr moving averages

Silver: White Metal Trading Lower In The Asian Session

For the 24 hours to 23:00 GMT, Silver rose 0.8% against the USD and closed at USD17.04 per ounce, tracking gains in gold prices.

In the Asian session, at GMT0400, the pair is trading at 17, with the silver trading 0.21% lower against the USD from yesterday’s close.

The pair is expected to find support at 16.86, and a fall through could take it to the next support level of 16.71. The pair is expected to find its first resistance at 17.11, and a rise through could take it to the next resistance level of 17.21.

The white metal is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.

Crude Oil: Oil Extends Its Losses, Ahead Of API's Weekly Crude Oil Inventories Data

For the 24 hours to 23:00 GMT, Crude Oil declined 0.11% against the USD and closed at USD56.76 per barrel, after the Energy Information Administration (EIA) forecasted that US shale oil production would rise by 80,000 barrels per day (bpd) in December.

Separately, the Organization of the Petroleum Exporting Countries (OPEC) projected higher demand for oil in 2018 and signaled that global oil market could rebalance at a faster pace next year.

The OPEC, in a monthly report, stated that its oil demand would increase by 400,000 bpd to 33.4 million bpd in 2018.

In the Asian session, at GMT0400, the pair is trading at 56.65, with the oil trading 0.19% lower against the USD from yesterday's close, ahead of the American Petroleum Institute's weekly crude inventories data.

The pair is expected to find support at 56.25, and a fall through could take it to the next support level of 55.85. The pair is expected to find its first resistance at 57.1, and a rise through could take it to the next resistance level of 57.55.

Crude oil is trading below its 20 Hr and 50 Hr moving averages.

This not a advise to buy or sell.....