Daily Trade Gold/Silver/ Crude Oil

Gold

For the 24 hours to 23:00 GMT, Gold declined 0.19% against the USD and closed at USD1292.60 per ounce on Friday, amid strength in US equities.

In the Asian session, at GMT0400, the pair is trading at 1293.40, with gold trading 0.06% higher against the USD from Friday’s close.

The pair is expected to find support at 1289.67, and a fall through could take it to the next support level of 1285.93. The pair is expected to find its first resistance at 1296.97, and a rise through could take it to the next resistance level of 1300.53.

The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.

Silver

For the 24 hours to 23:00 GMT, Silver declined 0.35% against the USD and closed at USD17.12 per ounce on Friday, tracking losses in golds prices.

In the Asian session, at GMT0400, the pair is trading at 17.12, with silver trading flat against the USD from Friday’s close.

The pair is expected to find support at 17.02, and a fall through could take it to the next support level of 16.93. The pair is expected to find its first resistance at 17.22, and a rise through could take it to the next resistance level of 17.32.

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

Crude Oil

For the 24 hours to 23:00 GMT, Crude Oil rose 0.92% against the USD and closed at USD58.97 per barrel on Friday, as continued shutdown of the Keystone pipeline disrupted deliveries to storage facilities and amid growing speculation that OPEC could well extend the output cap further into next year.

In the Asian session, at GMT0400, the pair is trading at 58.72, with oil trading 0.42% lower against the USD from Friday’s close.

The pair is expected to find support at 58.40, and a fall through could take it to the next support level of 58.09. The pair is expected to find its first resistance at 59.04, and a rise through could take it to the next resistance level of 59.37.

Crude oil is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.