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

Symbol	Value	Action
RSI(14)	48.439	Neutral
STOCH(9,6)	67.321	Buy
STOCHRSI(14)	61.289	Buy
MACD(12,26)	1.520	Buy
ADX(14)	21.474	Neutral
Williams %R	-37.008	Buy

Name	Value	Action
CCI(14)	-32.2176	Neutral
ATR(14)	3.5714	Less Volatility
Highs/Lows(14)	0.0000	Neutral
Ultimate Oscillator	60.336	Buy
ROC	0.188	Buy
Bull/Bear Power(13)	-1.8040	Sell

Buy: 6

Sell: 1

Neutral: 4

Indicators 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

Symbol	Value	Action
RSI(14)	21.451	Oversold
STOCH(9,6)	31.019	Sell
STOCHRSI(14)	22.097	Oversold
MACD(12,26)	-1.350	Sell
ADX(14)	73.138	Oversold
Williams %R	-99.383	Oversold

Name	Value	Action
CCI(14)	-201.6324	Oversold
ATR(14)	3.1536	High Volatility
Highs/Lows(14)	-6.2907	Sell
Ultimate Oscillator	27.719	Oversold
ROC	-22.025	Sell
Bull/Bear Power(13)	-11.9860	Sell

Buy: 0

Sell: 5

Neutral: 6

Indicators Summary: SELL