Technical Analysis for November 28, 2014

XAU/USD (GOLD) trying to move lower slowly after getting a price stability around 1199 level. Currently XAU/USD is trading around 1190 level and a lower target to 1175 will target 1150 next. A trend reversal is at risk here.

 

XAG/USD (SILVER) trading around 16.2 level and still keeps trying to bounce lower. Next lower target will be 16 and if it breaks lower it will target 15.75 next. A reversal to 16.6 will bring price stability around 16.4-16.7 again.

 

Crude Oil keep targeting lower and the next target for now is 65 level. Strong down trend revives again and no further break upward expected for now. A break higher to 73 level will target 75 next.

 

Copper has been trading around at 2.958. A break to 3 level will bring back Copper in the 3 – 3.08 trading range but for an even lower movement, copper will target 2.9 level next.

 

 

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