XAU Trading Outlook (20-04-2016)
Crude Oil (WTI) (K6) Intraday: the upside prevails
Pivot: 39.35
Our preference: long positions above 39.35 with targets @ 41.73 & 42.42 in extension.
Alternative scenario: below 39.35 look for further downside with 38.44 & 37.60 as targets.
Comment: the RSI is mixed to bullish.
Supports and resistances:
43.00
42.42
41.73
40.35 Last
39.35
38.44
37.60