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Gold and Oil Analysis
Pivot: 1196
Most Likely Scenario: Long positions above 1196 with targets @ 1223.5 & 1232 in extension.
Alternative scenario: Below 1196 look for further downside with 1183 & 1167 as targets.
Comment: The RSI is well directed.
Oil news and Analysis
Pivot: 56
Most Likely Scenario: Long positions above 56 with targets @ 59.3 & 60.5 in extension.
Alternative scenario: Below 56 look for further downside with 55 & 53.94 as targets.
Comment: The RSI is mixed to bullish.
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Tags : Gold News
