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FXPROS: Oil Breaks Above the Resistance Level |
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RUDE: As seen on the chart below, the market broke above the resistance at the top of a falling channel .
The next resistance level to watch is at 101.28. Above this level could test 103.35 next.
Alternatively the channel top at 100.08 is once again support.
Gold Stalls Below 1763.00
GOLD: The precious metal might be forming what is called a Head and Shoulders below the resistance level at1763.00.
A close below the head and shoulder neckline support at 1714.05 would help us to affirm this. Below that support we see next support at 1665.03. |
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