Gold-Oil News(2016.02.16)

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


Gold spot Intraday: under pressure.

Pivot: 1209.00

Most Likely Scenario: short positions below 1209.00 with targets @ 1187.00 & 1181.00 in extension.

Alternative scenario: above 1209.00 look for further upside with 1222.00 & 1235.00 as targets.

Comment: the RSI lacks upward momentum.

Gold Chart


Crude Oil (WTI) (H6) Intraday: continuation of the rebound.

Pivot: 29.50

Most Likely Scenario: long positions above 29.50 with targets @ 31.40 & 32.50 in extension.

Alternative scenario: below 29.50 look for further downside with 28.30 & 26.95 as targets.

Comment: the RSI is bullish and calls for further upside.

Oil Chart



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alan Says

2 2

Crude oil is expected to witness its first support at USD26.21 per barrel and second support at USD23.46 per barrel, while the first resistance is expected at USD31.54 per barrel and second resistance at USD34.12 per barrel.


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