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COMMODITIES TECHNICAL ANALYSIS December.12

Gold

Gold prices had a modestly bearish day. The yellow metal pushed away from 1170 and fell to the 1160 handle. The resistance is at 1170, the support comes in at 1160 dollars per ounce.
12_12_2016_xauusd
Brent

Oil prices maintained their bid tone on Friday. After touching the level 54.50 prices stayed around the level during the day. The resistance is at 54.50, the support comes in at 53.50 dollars per barrel.

If a buying pressure persists the Brent oil prices might extend their gains towards 55.50.

12_12_2016_brent

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