Gold and Oil Technical Analysis

Pipsafe Logo
Share this Post :

[text]

Gold and Oil Technical Analysis

Oil

Crude Oil (NYMEX) (H5) Intraday: under pressure.

Pivot: 47.7

Most Likely Scenario: Short positions below 47.7 with targets @ 45.6 & 44.75 in extension.

Alternative scenario: Above 47.7 look for further upside with 48.25 & 49.2 as targets.

Comment: As long as 47.7 is resistance, likely decline to 45.6.

Oil Chart

unnamed

 

Gold spot Intraday: further advance.

Pivot: 1284

Most Likely Scenario: Long positions above 1284 with targets @ 1310 & 1317 in extension.

Alternative scenario: Below 1284 look for further downside with 1271.8 & 1264 as targets.

Comment: The RSI is well directed.

Gold Chart

unnamed

 

[/text]

 

 


Categories :
Tags :



LEAVE A COMMENT


Alert Header

Alert Message