Crude Oil (Sep 11) intraday: the upside prevails. |
| Pivot: 95.40 Our Preference: LONG positions above 95.4 with 97.8 & 98.55 in sight. Alternative scenario: The downside penetration of 95.4 will call for a slide towards 94.1 & 92.9. Comment: the RSI lacks downward momentum. |
GOLD (Spot) intraday: bullish bias above 1607 |
| Pivot: 1607.00 Our Preference: LONG positions above 1607 with 1621 & 1635 in sight. Alternative scenario: The downside penetration of 1607 will call for a slide towards 1593 & 1583. Comment: the immediate trend remains down but the momentum is weak. Intraday support at 1610. |
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