On Friday, November 10, 2017, by the beginning of the trading session on the leading European stock exchanges, a depreciation for the commodity asset "Gold" has been noted. During the auction on the COMEX, the December futures contracts for gold have fallen back to the level of $ 1.284.96 per troy ounce, which means a depreciation in quotations of 0.20% compared with the Thursday’s final mark. At the moment, the level of support for this asset is located at the level of $ 1.266.40, while the resistance point is the mark of $ 1.288.77 per troy ounce.

Gold (Comex)

Silver (Comex)

In addition, in the course of trading on the COMEX exchange, December silver futures contracts have added up to $ 17.009 per troy ounce, gaining 0.20% compared to the yesterday's session results. The December copper futures quotations have dropped back to $ 3,085 per pound, losing 0.16% of their initial price.

Today, in the oil market, the multidirectional dynamics have been observed. For example, the cost of the December futures contract for the WTI Crude Oil supply have appreciated during the trading on the Nymex to the level of $ 57.02 per barrel (+ 0.26%). The level of support for this asset is located at the mark of $ 55.66, while the mark of $ 57.92 per barrel serves as the resistance point.

WTI Crude Oil (Nymex)

During the trading session at the ICE, the January futures contracts for the North Sea oil of the Brent benchmark have been depreciated to the level of $ 63.77 per barrel, losing 0.25% of the final results of yesterday's session. Thus, at the moment, the difference in value between futures for the US and the North Sea oil is $ 6.75 per barrel.

Brent Crude (ICE)
The quotations of futures contracts for gasoline have depreciated to the level of $ 1,815 per gallon (-0.48). The cost of contracts for the natural gas supply has been appreciated during the trading session on the Nymex to the mark of $ 3.204 per million BTU (+ 0.91%). The level of support for this asset is located at the mark of $ 3,051. The point of resistance is the mark of $ 3.217 per million BTU.

The analysts note the fact that oil quotations are still held at the highest levels over the past two years, despite the fact that yesterday the EIA report of the Department of Energy was published, from which it follows that the volume of crude oil in the US storages has increased by 2.2 million barrels by November 3. At the EIA, there has been an opinion that the crude oil volume should have been reduced by 2.9 million barrels.
Among market experts, the opinion is currently dominated by the fact that at the next OPEC + 11 meeting, which should begin before the end of this month, a final decision will be made regarding the extension of the terms of the agreement to reduce the extraction of raw materials (Oil Cut Deal).

The USD index, which demonstrates the strength of the US dollar against the weighted average trading basket of the six major world currencies, has added up to the level of $ 94.44 (+ 0.02%).  

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