WTI Oil: Bearish Eyes Further Weakness…
As long as 60.00 resistance holds on a daily closing basis. The WTI Oil remains on the downside to 57.30 levels. A halt is likely but a cut opens 55.00 levels ahead of 52.50 levels. On the upside, immediate resistance comes at 59.00 levels ahead of 60.00 levels (main). A break above 60.00 levels brings recovery threats to 61.15 levels. Above 61.15 will extend the corrective recovery to 63.00 levels. In conclusion: WTI Oil sees downside treats below 60.00/59.00 levels.
Support: 57.30, 55.00, 52.50, 50.00
Resistance: 59.00, 60.00, 61.15, 63.00
As long as 1556/1577 resistance holds on a daily closing basis. The XAUUSD remains in a corrective pullback mode and further down couldn’t be ruled out. Support comes at 1531 levels ahead of 1518/1509 levels. On the upside, Above 1577 restores the upside momentum and aims the 1611 levels ahead of 1650 levels. In conclusion: The XAUUSD sees fall threats below 1556/1577 levels.
Support: 1531, 1518, 1509, 1485, 1477
Resistance: 1556, 1577, 1611, 1650, 1700
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- FOMC Member Williams Speaks at 14:00 GMT.