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


                                               

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