Market Commentary Gold/Silver/Oil

Daily Market 15-11-2017

Gold: Yellow Metal Increases Its Profit In The Asian Session:

For the 24 hours to 23:00 GMT, gold rose by 0.19% against the USD and closed at

USD1280.30 per ounce, amid wide-ranging weakness in the greenback and losses in global equities. In the Asian session, on GMT0400, the pair trades at 1282.00, with gold trading 0.13% higher against the USD from yesterday's close. The pair is expected to find support at 1273.20, and a fallout could bring it to the next level of support of 1264.40. The pair is expected to find its first resistance at 1287.30 hours, and a rise could bring it to the next resistance level of 1292.60.

The yellow metal acts above its moving averages of 20 hours and 50 hours.

Silver: White Metal Trading On A Stronger Footing This Morning:

For 24 hours to 23:00 GMT, Silver fell 0.09% against the USD and ended at $ 17.02 per ounce, with the previous session wins being delivered.

In the Asian session, at GMT0400, the pair handles at 17.05, with Silver scoring 0.15% higher than the last USD of yesterday.

The pair is expected to find support at 16.91, and a drop could bring it to the next level of 16.77. The pair is expected to find its first resistance at 17.14, and an increase can bring it to the next resistance level of 17.24.

The white metal works above its advancing averages of 20 hours and 50 hours.

Crude oil: Oil Trading Higher This Morning, Ahead Of The Weekly Inventory Data of EIA Crude Oil:

For the GMT 24 hours to 23:00, crude oil fell by 3.0% against the USD and closed at USD 55.06 per barrel, after the International Energy Agency (IEA) has global demand for oil for this year and next year had decreased.

The IEA stated in its monthly report that it is now expected that oil demand for oil will grow by 1.5 million barrels per day (BPD) and 1.3 million BPD next year, both revised at 100,000 BPD. Separately, the American Petroleum Institute (API) reported that US oil inventories surprisingly increased by 6.5 million barrels to 461.8 million barrels during the week ending 10 November. In the Asian session, at GMT0400, the pair is trading at 55.13, with oil trading 0.13% higher than yesterday's USD. The pair is expected to find support at 54.4033, and a drop could bring it to the next level of 53.6767. The pair is expected to find its first resistance at 56.2633, and an increase could bring it to the next resistance level of 57.3967.

Crude oil acts under its advancing averages of 20 hours and 50 hours.

This is for learning to direction of market not advise to buy or sell.....