- Germany GDP and manufacturing data came in line with forecasts, while Eurozone manufacturing PMI beat expectations. Upcoming US economic reports are expected to show GDP growth of 2.4% and existing home sales of 4.48 million. - Gold saw some sell-off in Asia and Europe, with support at $1354 and resistance at $1371. Silver faced selling pressure at $28 resistance. Crude oil traded in a range near $81 support. Natural gas pulled back as it neared $4.30 resistance. Copper broke below $380 support.

2. Market cues
• Germany GDP Q3 yy (Qtr 3) came in at 3.9% as against the
forecasted value of 3.9%.
• Germany PMI Manufacturing (Nov) came in at 58.9 as against
the forecasted value of 56.8.
• Euro Zone PMI Manufacturing (Nov) came in at 55.5 as
against the forecasted value of 54.6.
• US Core PCE preliminary (Qtr 3) consensus value of 2.3%
against the previous value of 2.2.(13:30) GMT
• US Gross Domestic Product Annualized (Q3) consensus value
of 2.4% against the previous value of 1.7% .(13:30) GMT.
• US Existing Home Sales (Oct) consensus value of 4.48 Mln
against the previous value of 4.53 Mln .(13:30) GMT.
• US Richmond Fed Manufacturing Index (Nov) consensus value
of 6 against the previous value of 5 .(13:30) GMT.

3. Gold
• Gold witnessed some sell off in during the
Asian and Europe trading session.
• Intraday support for the market lies at the
$1354 levels which was 40 DMA also.
• $1371 will act as good intraday resistance
levels for the commodity. A successful break
out from this level could see the prices
retesting the $1382 levels on the upside.
• RSI reading is at 52 levels.

4. Silver
• Silver witnessed selling interest from the key
resistance levels of $28 during Asian trading
session.
• $27.30 will act as a good support level for
intraday trading. A successful break down from
this level could see the prices testing the
$26.98 levels on the downside.
• $28 will be acting as a good resistance for the
prices on the upside.
• RSI reading is at the 63 levels currently.

5. Crude oil
• Crude oil witnessed range bound trading during
the Asian and European trading session as prices
hovering near the key support level of $81.
• $81 will be acting as a good support level for the
prices during NYMEX trading session in the
evening.
• Prices have immediate resistance at the $83 levels
and a successful breakout could see the prices
testing the $83.80 level on the upside which was
40 DMA also.
• RSI reading is at the 42 levels.

6. Natural gas
• Natural gas witnessed some profit booking as the
prices nearing the key resistance levels of $4.30.
• Prices have immediate resistance at the $4.30
levels. A successful break out with volumes could
see the prices testing the next key resistance level
of $4.50 on the upside.
• If $4.17 levels are broken on the downside prices
will have resistance coming in at the $4 levels.
• RSI reading is at the 64 levels.

7. Copper
• Copper witnessed sell off interest continued from
the yesterday’s trading session as the prices broke
key 40 DMA support of $380 yesterday’s trading
session.
• $380 levels will be acting as a good resistance level
on the upside for intraday trading during COMEX
trading session. A successful breakout from this
level could see the prices retesting the $391 levels
on the upside.
• $365 will be acting as a good support level for the
prices on the downside.
• RSI reading is at the 42 levels.