Crude Oil and Gold Analysis

Crude Oil And Gold Analysis by Fxpro

Gold

Pivot: 1305.00

Most Likely Scenario: LONG positions above 1305 with 1313.45 & 1320 in sight.

Alternative scenario: The downside breakout of 1305 will open the way to 1300 & 1295.

Comment: the former bullish channel resistance maintains an intraday bullish bias.

Trend: ST Bullish; MT Bullish

Crude Oil

Pivot: 76.00

Most Likely Scenario: LONG positions above 76 with 76.95 & 77.15 in sight.

Alternative scenario: The downside penetration of 76 will call for a slide towards 75.65 & 75.55.

Comment: the RSI broke above a bearish trend line.

Trend: ST Range; MT Range