Oil-Gold News (2016.01.18)

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


Gold spot Intraday: continuation of the rebound.

Pivot: 1085

Most Likely Scenario: long positions above 1085 with targets @ 1100 & 1106 in extension.

Alternative scenario: below 1085 look for further downside with 1076 & 1071 as targets.

Comment: the RSI is mixed to bullish.

Gold Chart



Crude Oil (WTI) (G6) Intraday: the downside prevails.

Pivot: 30

Most Likely Scenario: short positions below 30 with targets @ 28.2 & 27.8 in extension.

Alternative scenario: above 30 look for further upside with 31.6 & 32.2 as targets.

Comment: as long as 30 is resistance, likely decline to 28.2.

Oil Chart



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Jack Says

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I cant find any sign to increase of oil price

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sarah Says

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I agree too, Iran after many years of sanctions is in urgent need for a renewal of its infrastructure. This will bring many opportunities to foreign businesses who are looking for a slice of the action

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thedoctor Says

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How low oil can go?


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