Technical Analysis for December 09, 2014

XAU/USD Reversed from the last lower breaks and traded at 1200 level. A reversal once more again will target 1185 short term and a higher movement to 1210 will target 1225 short term. Gold has entered trading sideways around 1190 – 1210 level.

 

XAG/USD moves sideways and traded around 16.3 level. Higher break over 16.6 will target 16.8 next and a lower break under 16 will see 15 next. Silver has entered sideways at 16.2 – 16.5 level for now.

 

Crude Oil traded under 64 level and keeps grinding lower. Currently Crude Oil traded at 63 level and will eventually move lower. The next low target is 60 level and a break higher than 66 level will recover the strong bull movement to 69 level.

 

Copper entered small sideways level around 2.9 – 2.94 level but slowly rising here. A above 2.95 will target 3 next and a bear movement under 2.9 will target 2.8 once again.

 

 

Risk Disclaimer

Forex and CFDs are leverage products, involved a high level of risk and can result in the loss of all your invested capital. Forex and CFDs may not be suitable for all investors. You should not risk more than you are prepared to lose. Before deciding to trade, you should ensure that you understand the risks involved and take into account your level of experience.

All information on this website, including any opinion, charts, prices, news, data, Buy/Sell signals, research and analysis is our point of view and is provided as general market commentary and does not constitute any investment advice.

OneStopBrokers.com will not accept any responsibility or liability for losses incurred by customers, visitors or traders as a result of using the data available on OneStopBrokers.com. Read more

---