Gold-Oil News (2016.04.19)

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Gold spot Intraday: key resistance at 1236.00.

Pivot: 1236.00

Most Likely Scenario: short positions below 1236.00 with targets @ 1224.00 & 1220.00 in extension.

Alternative scenario: above 1236.00 look for further upside with 1241.00 & 1247.50 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1236.00.

Gold Chart


Crude Oil (WTI) (K6) Intraday: further upside.

Pivot: 38.44

Most Likely Scenario: long positions above 38.44 with targets @ 40.80 & 41.73 in extension.

Alternative scenario: below 38.44 look for further downside with 37.60 & 36.80 as targets.

Comment: the RSI is mixed with a bullish bias.

Oil Chart


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


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