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Gold-Oil NEWS(2016.02.22)

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

 

Gold spot Intraday: under pressure.

Pivot: 1226.00

Most Likely Scenario: short positions below 1226.00 with targets @ 1210.00 & 1200.00 in extension.

Alternative scenario: above 1226.00 look for further upside with 1240.00 & 1246.00 as targets.

Comment: as long as 1226.00 is resistance, likely decline to 1210.00.

Gold Chart

forex2551

 

Crude Oil (WTI) (H6) Intraday: caution.

Pivot: 30.35

Most Likely Scenario: short positions below 30.35 with targets @ 28.75 & 27.75 in extension.

Alternative scenario: above 30.35 look for further upside with 32.00 & 32.90 as targets.

Comment: the index currently faces a challenging resistance area at 30.35.

Oil Chart

oil5545

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