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Source: Fxpro Forex Broker (Review and Forex Rebates Up to 85%)

 

Gold spot Intraday: the bias remains bullish.

Pivot: 1110

Most Likely Scenario: long positions above 1110 with targets @ 1128 & 1135 in extension.

Alternative scenario: below 1110 look for further downside with 1104.5 & 1099 as targets.

Comment: the RSI is mixed to bullish.

Gold Chart

goldc256454

Crude Oil (WTI) (H6) Intraday: bullish bias above 32.8.

Pivot: 32.8

Most Likely Scenario: long positions above 32.8 with targets @ 34.1 & 34.84 in extension.

Alternative scenario: below 32.8 look for further downside with 31.7 & 30.6 as targets.

Comment: a support base at 32.8 has formed and has allowed for a temporary stabilisation.

Oil Chart

oil264

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Reply

alan Says

0 1

The problem with crude oil production is that this precious commodity has always had a geopolitical importance. Russia, Saudi Arabia and Iran will have to get over their mutual distrust and put aside the competition for geostrategic dominance over Iraq, Syria and Yemen if a deal is to be struck.



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