21 November 2015

Commodity Market News on Gold,Silver and crude oil

Gold. It suggests that prices are making lower highs and lows.However, today's gap up opening suggests some recovery into prices. It is expected to move till 25400 in today's session. On downside, immediate support is located at 25100 levels.
Silver. Prices are expected to recover back on the upside. Today's early session strength suggests some upside rally can be seen till 34300,if it manages to cross 33875 levels. On downside, support is located at 33400 levels.

Crude Oil

Crude oil demonstrated subdued performance during Thursday’s trading. Brent crude was little changed while the West Texas Intermediate grade dropped. Traders are still concerned about the glut on the market and expect prices to go even lower. January contract for Brent crude oil went up a little by 0.07 percent to trade at $44.17 per barrel on NYMEX today. December WTI oil slid 1.03 percent to $40.33 per barrel on ICE.

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