Crude Oil (Sep 11) intraday: bullish bias above 97.4 |
| Pivot: 97.40 Our Preference: LONG positions above 97.4 with targets @ 99.2 & 99.85. Alternative scenario: The downside penetration of 97.4 will call for a slide towards 96.75 & 96.1. Comment: the RSI lacks downward momentum. Intraday support area around 98. |
GOLD (Spot) intraday: further advance. |
| Pivot: 1590.00 Our Preference: LONG positions above 1590 with 1610 & 1618 as next targets. Alternative scenario: The downside penetration of 1590 will call for 1580 & 1569. Comment: the price and the RSI broke above bearish trend lines. |
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