Gold-Oil Analysis (2016.03.18)
Gold spot Intraday: bullish bias above 1254.00.
Most Likely Scenario: long positions above 1254.00 with targets @ 1276.00 & 1284.00 in extension.
Alternative scenario: below 1254.00 look for further downside with 1235.00 & 1225.00 as targets.
Comment: the RSI is mixed with a bullish bias.
Crude Oil (WTI) (J6) Intraday: the upside prevails.
Most Likely Scenario: long positions above 39.00 with targets @ 41.00 & 41.55 in extension.
Alternative scenario: below 39.00 look for further downside with 38.15 & 37.45 as targets.
Comment: the RSI lacks downward momentum.
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