june 13 gold and crude oil

GOLD (Spot) intraday: aim @ 1577 Pivot: 1550.00 Our Preference: LONG positions above 1550 with 1573 & 1577 as next targets. Alternative scenario: The downside breakout of 1550 will open the way to 1535 & 1525. Comment: the price stands in a bullish channel. << Previous - Next >>

Crude Oil (Aug 11) intraday: further upside. Pivot: 95.90 Our Preference: LONG positions above 95.9 with targets @ 97.9 & 98.95. Alternative scenario: The downside penetration of 95.9 will call for a slide towards 95.15 & 93.5. Comment: the RSI is bullish and calls for further advance.