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Gold & Oil Analysis 22 June ,2015

Source: Fx Direct Forex Broker

Gold
Gold is trading at $1193.50 per ounce at 09:40 GMT this morning, 0.7% lower from the New York close. This morning, the precious metal traded at a high of $1201.90 per ounce and a low of $1192.90 per ounce. On Friday, gold traded marginally lower in the New York session and closed at $1201.90 per ounce, as uncertainty about Greece’s debt repayment weighed on the investor sentiment. Immediate downside, the first support level is seen at $1189.60 per ounce, while on the upside, the first resistance level is at $1200.70 per ounce.

Oil

The commodity is trading at $60.08 per barrel at 09:40 GMT this morning, 0.79% higher from the New York close. Crude oil witnessed a high of $60.30 per barrel and a low of $59.24 per barrel during the session. In the New York session on Friday, crude oil rose 0.24% to close at $59.61 per barrel, after the US oil rig count eased for the 28th consecutive week by four to 631 in the last week. Immediate downside, the first support level is seen at $59.21 per barrel, while on the upside, the first resistance level is at $60.63 per barrel.

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