Trade With Gold Silver Crude Oil

Gold: Yellow Metal Trading Slightly Lower In The Asian Session:

For the 24 hours to 23:00 GMT, Gold rose 0.34% against the USD and closed at USD1282.00 per ounce, lifted by rumors that the implementation of a major US corporate tax cut could be delayed by one-year.

In the Asian session, at GMT0400, the pair is trading at 1281.80, with gold trading marginally lower against the USD from yesterday’s close.

The pair is expected to find support at 1276.17, and a fall through could take it to the next support level of 1270.53. The pair is expected to find its first resistance at 1287.77, and a rise through could take it to the next resistance level of 1293.73.

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

Silver: White Metal Trading A Tad Higher In The Morning Session

For the 24 hours to 23:00 GMT, Silver rose 0.41% against the USD and closed at USD17.06 per ounce, tracking gains in gold prices.

In the Asian session, at GMT0400, the pair is trading at 17.06, with the silver trading marginally higher against the USD from yesterday’s close.

The pair is expected to find support at 16.94, and a fall through could take it to the next support level of 16.82. 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 17.38.

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

Crude Oil: Oil Trading Slightly Higher In The Asian Session

For the 24 hours to 23:00 GMT, Crude Oil declined 0.21% against the USD and closed at USD 56.88 per barrel, on the back of a surprise build in US crude oil inventories.

The Energy Information Administration (EIA) disclosed that US crude oil stockpiles unexpectedly rose 2.2 million barrels to 457.1 million barrels in the week ended 03 November.

In the Asian session, at GMT0400, the pair is trading at 56.90, with the oil trading a tad higher against the USD from yesterday’s close.

The pair is expected to find support at 56.23, and a fall through could take it to the next support level of 55.57. The pair is expected to find its first resistance at 57.74, and a rise through could take it to the next resistance level of 58.59.

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