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Source: FxPro Broker(Review and FX Rebate)

 

Gold spot Intraday: key resistance at 1076.

Pivot: 1076

Most Likely Scenario: short positions below 1076 with targets @ 1067 & 1064 in extension.

Alternative scenario: above 1076 look for further upside with 1081.5 & 1089 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1076.

Gold Chart

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Crude Oil (WTI) (G6) Intraday: continuation of the rebound.

Pivot: 36.95

Most Likely Scenario: long positions above 36.95 with targets @ 38.07 & 38.45 in extension.

Alternative scenario: below 36.95 look for further downside with 36.55 & 36.03 as targets.

Comment: the RSI is supported by a rising trend line.

Oil Chart

oil

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