Commodity Trading Tips For Today (14th March 2017)

Precious metals prices extended losses to previous week as the dollar gathered strength on the prospect of a U.S. interest rate hike. Crude oil prices are fell on previous week as U.S. crude inventories surged much more than expected to record high, stoking concerns a global glut could persist even as OPEC tries to prop up prices with output curbs.

Gold
RESISTANCE 1 – 28450, RESISTANCE 2 – 28600
SUPPORT 1 – 28000, SUPPORT 2 – 27800
STRATEGY: Sell on Highs

Crude Oil
RESISTANCE 2 – 3310, RESISTANCE 1 – 3270
SUPPORT 1 – 3150, SUPPORT 2 – 3100
STRATEGY: Sell on Highs

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