Technical Analysis for December 01, 2014

XAU/USD moves lower under 1175 and targeting 1150. A lower attempt under 1130 will target 1100 back but currently market shows a very high risk for reversal as well. A higher movement to 1175 again will bring back the price into the last trading range.

 

XAG/USD breaks lower under 15.75 and keep moving lower to 15.4. The next target will be 15 level and a reversal to 15.8 will bring back the XAG/USD to 1.6 or even higher. Any break will be possible due to the volatility of the market.

 

Crude Oil touched 65 targets and will keep grinding lower. The next target for Crude oil for the lower movement will be 60 but a higher movement higher than 68 will target 69 next. Wide trading range impacted from the volatility in the market and a lower movement is expected. Long term downtrend,

 

Copper has keeps grinding lower and moved at 2.8 currently. The next lower movement will target 2.76 next and a reversal to 2.9 will target 2.94 next. Copper has change the trend from sideways to downtrend.

 

 

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