Commodities Market Morning Brief: December-15-2015

Posted on Posted in Commodities

WTI Crude Oil January-2016 Futures: Crude Oil is pulling back after hitting a new 3-day high @ 37.11. It is trading @ 36.51 and has minor support @ 36.00 – 35.50 levels. Resistance is @ 36.75 – 37.15. (5:55am PT)

Gold February-2016 Futures: Currently trading @ 1063.50, therally two weeks ago is proving to be a false breakout as confirmed by the series of lower highs in the daily timeframe and lower lows. Another test of 1045 support is likely. Resistance is currently @ 1077-1080. (5:52am PT)

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