GOLD
Pivot: 1593.00
Our Preference: LONG positions above 1593 with targets @ 1622 & 1635.
Alternative scenario: The downside breakout of 1593 will open the way to 1583 & 1564.5.
Comment: a symmetrical triangle was confirmed and calls for further upside.
CRUDE OIL
Pivot: 98.40
Our Preference: LONG positions above 98.4 with 100 & 100.6 as next targets.
Alternative scenario: The downside penetration of 98.4 will call for a slide towards 97.9 & 97.2.
Comment: the price stands in an ascending channel.
Pivot: 1593.00
Our Preference: LONG positions above 1593 with targets @ 1622 & 1635.
Alternative scenario: The downside breakout of 1593 will open the way to 1583 & 1564.5.
Comment: a symmetrical triangle was confirmed and calls for further upside.
CRUDE OIL
Pivot: 98.40
Our Preference: LONG positions above 98.4 with 100 & 100.6 as next targets.
Alternative scenario: The downside penetration of 98.4 will call for a slide towards 97.9 & 97.2.
Comment: the price stands in an ascending channel.
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