Gold and Oil Analysis (2015.09.16)

Source: FxPro Forex Broker (Review and Forex Rebates)

Pivot: 1110

Most Likely Scenario: Short positions below 1110 with targets @ 1098 & 1094 in extension.

Alternative scenario: Above 1110 look for further upside with 1116 & 1119 as targets.

Comment: As long as 1110 is resistance, likely decline to 1098.

Gold Chart

Crude Oil (WTI) (V5) Intraday: further advance.

Pivot: 44.33

Most Likely Scenario: Long positions above 44.33 with targets @ 45.46 & 45.88 in extension.

Alternative scenario: Below 44.33 look for further downside with 43.9 & 43.4 as targets.

Comment: The RSI is mixed to bullish.

Oil Chart