Technical Analysis for December 03, 2014

XAU/USD retraced a bit movement lower from the huge reversal yesterday. Currently XAU/USD trading around 1200 level and keeps grinding lower. A lower movement under 1175 will target last low around 1145 level once again and a higher movement will target 1250 next.

 

XAG/USD still trading around 16.4 level without much changes. Currently the market will target 16.8 next for the higher movement and SILVER will target 15 level for the lower movement. A break of 15 level will target 14.4 next, the last low level.

 

Crude Oil trying a lower movement once more again to 65 and currently is trading at 67.55 level. A break over 68 level will once again target 69 and a lower movement under 67 level will bring back the bear push lower to 65 level.

 

Copper moves lower to 2.906 level and trying to slowly back to the lower level around 2.8. A higher movement will target 3 level again and a lower movement reversal that breaks 2.87 level will target 2.8 level again next.

 

 

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