Technical Analysis for December 12, 2014

XAU/USD trapped in a new trading range around 1225 – 1235 but attempts to break lower under 1220. Next lower target will be 1200 and next break higher will target 1250 slowly.

 

XAG/USD still trading at the last trading range around 16.9 – 17.1 level. No break attempt has been seen here and next higher movement will target 17.6 and next lower break under 16.7 will target 16.3 next.

 

Crude Oil reached the last target at 60 and keeps moving lower now. If it breaks 59 level then it will start targeting for 50 level long terms. A reversal to 63 level will enlighten the bear pressure to 65 level for now.

 

Copper slowly trying to retake the higher level here and traded around 2.93 for now. Next target will be a retest of 2.96 level and 3 next. A lower movement under 2.9 will target 2.8 next.

 

 

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