Consolidating

Mar-16 04:26By: Taso Anastasiou
Oil Bullets+ 1
  • RES 4: $1992.5 - High Sep 1
  • RES 3: $1973.6 - High Sep 16 and a key near-term resistance
  • RES 2: $1955.7 - High Sep 21
  • RES 1: $1933.3 - High Oct 12 and the bull trigger
  • PRICE: $1907.1 @ 07:04 GMT Oct 28
  • SUP 1: $1891.4 - Low Oct 26
  • SUP 2: $1882.5 - Low Oct 14
  • SUP 3: $1873.0 - Low Oct 7 and key near-term support
  • SUP 4: $1848.8 - Low Sep 28 and the bear trigger

Gold is unchanged and continues to trade sideways around the $1900.0 level. Attention is on the $1873.0 support, Oct 7 low following the recent pullback from $1933.3, Oct 12 high. A break of $1873.0 would suggest scope for a deeper pullback and expose $1848.8, Sep 28 low and a key support. On the upside, clearance of $1933.3, Oct 12 high would instead resume recent bullish pressure.