Gold and Oil Pivot Point 8 July ,2015
Gold Pivot Point
Most Likely Scenario: Short positions below 1163 with targets @ 1143.2 & 1134.6 in extension.
Alternative scenario: Above 1163 look for further upside with 1170.3 & 1175 as targets.
Comment: As long as 1163 is resistance, likely decline to 1143.2.
Oil Pivot Point
Most Likely Scenario: Short positions below 53.4 with targets @ 49.87 & 48.9 in extension.
Alternative scenario: Above 53.4 look for further upside with 54.7 & 55.5 as targets.
Comment: As long as 53.4 is resistance, likely decline to 49.87.
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