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FxWirePro- Crude Oil Daily Outlook 
FxWirePro:EUR/AUD gains some upside momentum but still bearish 
- XAG/USD is currently trading around $17.16 marks.
- It made intraday high at $17.20 and low at $17.07 levels.
- Intraday bias remains bullish till the time pair holds key support at $17.07 mark.
- A daily close above $17.15 will test key resistances at $17.23, $17.33 and $17.54 marks respectively.
- On the other side, a daily close below $17.15 will take the parity down towards key supports at $17.07, $16.90, $16.72, $16.58 and $16.42 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Later today U.S. will release Empire state manufacturing index, capacity utilisation rate, industrial production as well as UoM consumer sentiment index data.
We prefer to take long position on XAG/USD around $17.14, stop loss $17.05 and target of $17.33/$17.46.
