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Weekly outlook - 21/12/14

Gold - On weekly chart, Momentum is strong, all the indicators are giving buy signal.
Immediate resistance = $1242.  Target - $1975- $1305. support - $1195

 http://www.investing.com/technical/commodities-indicators

 Gold
SymbolValueAction
RSI(14)48.439Neutral
STOCH(9,6)67.321Buy
STOCHRSI(14)61.289Buy
MACD(12,26)1.520Buy
ADX(14)21.474Neutral
Williams %R-37.008Buy
NameValueAction
CCI(14)-32.2176Neutral
ATR(14)3.5714Less Volatility
Highs/Lows(14)0.0000Neutral
Ultimate Oscillator60.336Buy
ROC0.188Buy
Bull/Bear Power(13)-1.8040Sell
Buy: 6Sell: 1Neutral: 4Indicators Summary: Strong Buy

Crude - The price is set to move downwards, current support is at $51 i.e. 78% retrace from high of 2011 at $111. prices are in oversold region. TP = $51. SL = $64.

Crude Oil

Time: 12/12 GMT

SymbolValueAction
RSI(14)21.451Oversold
STOCH(9,6)31.019Sell
STOCHRSI(14)22.097Oversold
MACD(12,26)-1.350Sell
ADX(14)73.138Oversold
Williams %R-99.383Oversold
NameValueAction
CCI(14)-201.6324Oversold
ATR(14)3.1536High Volatility
Highs/Lows(14)-6.2907Sell
Ultimate Oscillator27.719Oversold
ROC-22.025Sell
Bull/Bear Power(13)-11.9860Sell
Buy: 0Sell: 5Neutral: 6Indicators Summary: SELL



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