Commodities Morning Brief: Dec-9-2015

Posted on Posted in Commodities

Crude Oil Jan-2016 Futures: Trading @ 37.85 bouncing off Tuesday low @ 36.64. It has traded as high as 38.39 in Wednesday’s trading.  Look to the EIA’s latest crude oil inventory supply report for further clues on price direction. (6:09am PT)

Gold Feb-2016 Futures: Trading @ 1082.80 (+7.80 net change). Apparently it has found support @ 1067 and 1072 levels. Resistance is @ 1088. The precious metal is in a holding pattern as investors await next week’s Federal Reserve interest rate policy decision. (6:15am PT)

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