Technical Analysis for December 05, 2014

XAU/USD enters a new sideways around 1200 – 1220 level for now. 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 but tried to break higher from 16.6 level. A higher movement will still target 16.8 level and lower level needs to break 16 level first and target 15 next.

 

Crude Oil still trying to retest 65 level and currently trading at 66.8 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. Crude Oil still trapped at the last trading range but a break will be very soon.

 

Copper lowly grinds higher to 2.92 level for now 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. Copper regains a bit and enters a new sideways around 2.8 – 2.94 level.

 

 

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