Gold-Oil (2015.12.28)

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Source: FxPro Forex Broker(Review and Forex Rebates up to 85%)

Pivot: 1067

Most Likely Scenario: long positions above 1067 with targets @ 1081.5 & 1085 in extension.

Alternative scenario: below 1067 look for further downside with 1064 & 1059 as targets.

Comment: a support base at 1067 has formed and has allowed for a temporary stabilisation.

Gold Chart

gold

Crude Oil (WTI) (G6) Intraday: bullish bias above 37.4.

Pivot: 37.4

Most Likely Scenario: long positions above 37.4 with targets @ 38.45 & 39.13 in extension.

Alternative scenario: below 37.4 look for further downside with 36.9 & 36.6 as targets.

Comment: the RSI is mixed to bullish.

Oil Chart

Ol

 


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