june 12 technical

GOLD (Spot) intraday: further advance. Pivot: 1540.00 Our Preference: LONG positions above 1540 with targets @ 1558 & 1565. Alternative scenario: The downside penetration of 1540 will call for a slide towards 1532 & 1525. Comment: supported by a rising trend line. << Previous - Next >>

Crude Oil (Aug 11) intraday: rebound in sight. Pivot: 93.40 Our Preference: LONG positions above 93.4 with 95.6 & 96.7 in sight. Alternative scenario: The downside breakout of 93.4 will open the way to 92.3 & 91.4. Comment: the RSI lacks downward momentum.