Gold/Oil Analysis (2015.12.09)

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

Gold spot Intraday: under pressure.

Pivot: 1082

Most Likely Scenario: short positions below 1082 with targets @ 1068 & 1064 in extension.

Alternative scenario: above 1082 look for further upside with 1088 & 1093 as targets.

Comment: as long as 1082 is resistance, likely decline to 1068.

Gold Chart

Crude Oil (WTI) (F6) Intraday: under pressure.

Pivot: 38.9

Most Likely Scenario: short positions below 38.9 with targets @ 36.6 & 35.9 in extension.

Alternative scenario: above 38.9 look for further upside with 39.8 & 40.7 as targets.

Comment: as long as 38.9 is resistance, likely decline to 36.6.

Oil Chart