There was risk aversion in the market, according to reports Tuesday and opened fire on a Russian warplane by the Turkish army. The Russian plane near the Syrian border when Turkish fighter planes fired at him. The Russian plane on its territory and ignored warnings to turn back Turkish officials said. It was agreed some NATO members that the Russian plane was in the Turkish airspace. However, Russia said the plane is not in Turkey when he was shot. NATO officials meet later Tuesday in Brussels to discuss the issue. He said Russian President Vladimir Putin criticized that his country was "stabbed in the back" Turkey will respond to overthrow her plane.
They were pressured global stock markets and raised US Treasuries on the conflict between Turkey and Russia.
Discomfort of the free world after the terrorist attacks of Paris, contributed to the insurance in Belgium and the Government of the United States warns its citizens from traveling abroad also "risk-off" position in the general market.
There was an important US economic report just now. The second estimate of gross domestic product in the third quarter. According to this figure in GDP of 2.1% compared to last estimates of 1.5%. The final reading of the correct line with market expectations, and had very little impact on the market.
Traders and investors are still waiting for the FOMC meeting mid-December, and expects the first US interest rate increase in nine years.
Trading activity in the US markets is likely to shrink quickly Wednesday, due to the Thanksgiving holiday on Thursday. Friday is usually one of the slowest trading days of the United States this year.
Technically, futures prices in February gold closed near mid-range. Gold bears still have the solid overall technical advantage in the near term. Gold prices are in a downtrend since the sharp five weeks on the daily chart bar. Next upward trend in the near term price target to penetrate the bulls "is to produce a close above strong technical resistance at $ 1,098.00. Bears near-term downside price breakout objective next push prices below solid long-term technical support at 1,050.00. Seen Initial resistance is at its highest level today of $ 1,080.50 and then at $ 1,087.30. The first support is at its lowest level of the day of $ 1,067.60 and then at $ 1,062.40 minimum contract. Wyckoff's Market Rating: 1.5
Futures prices closed near the march for silver mid-range and saw short covering. Silver market bears still have the solid overall technical advantage in the near term. Prices in a downward trend of sharp-old four weeks on the daily chart bar. Next upside breakout objective Silver bulls' closing prices above solid technical resistance at $ 14.50 an ounce. Next price target to penetrate the downside for the bears closing prices below strong support at $ 13.50. And to the First resistance is seen at today's high level of $ 14.30 and then at last week's high of $ 14.44. Next support is at its lowest level of the day of $ 14.05 and then at $ 13.89 a minimum contract. Wyckoff's Market Rating: 1.5.
NY copper closed the march even 575 points at 207.90 cents today. Prices closed near the session high on short selling. The "main foreign markets emerging for copper today as the US dollar fell below were crude oil prices higher. Copper bears still have the solid overall technical advantage in the near term. Price in a downtrend since five weeks on the daily chart bar. The next target outbreak bullish bulls Copper "pay and closing prices above solid technical resistance at 220.00 cents level. Penetrate the target price for the bears next downside narrowed prices below solid technical support at 200.00 cents. And to the First resistance is seen at today's high level of 208.35 cents and then at 210.00 cents. Initial support is at 205.00 cents and then at 200.20 cents the bottom of the contract.