technical july 18

GOLD (Spot) intraday: further advance Pivot: 1575.00 Our Preference: LONG positions above 1575 with 1605 & 1618 as next targets. Alternative scenario: The downside penetration of 1575 will call for a slide towards 1563 & 1554. Comment: the price is supported by a rising trend line. << Previous - Next >>

Crude Oil (Sep 11) intraday: look for 99.4 Pivot: 96.70 Our Preference: LONG positions above 96.7 with 99.4 & 100.3 in sight. Alternative scenario: The downside penetration of 96.7 will call for 95 & 93.25. Comment: the price and the RSI are supported by rising trend lines.