Technical Analysis for December 11, 2014

XAU/USD trapped in a new trading range around 1225 – 1235 for now and made no attempt to break out from this level. Next break higher will target 1250 slowly and next lower target will reach 1200.

 

XAG/USD reached price stability around 17 level for now. Next higher movement will target 17.6 and next lower break under 16.7 will target 16.3 next. Silver trapped in 16.9 – 17.1 trading range for now.

 

Crude Oil keep moving lower and trading at 61.6 level. It will keep grinding lower and target 60 level next. A higher break to 65 level will eventually bring crude oil to 70 next.

 

Copper slowly grinds lower from the higher level and traded around 2.915 level now. A break above 2.96 again will target 3 next and a bear movement under 2.9 will target 2.8 once again. A break will be expected very soon.

 

 

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

 

---