technical july 19

GOLD (Spot) intraday: the bias remains bullish. Pivot: 1588.00 Our Preference: LONG positions above 1588 with targets @ 1618 & 1630. Alternative scenario: The downside penetration of 1588 will call for 1574 & 1557. Comment: the price is supported by a rising trend line. << Previous - Next >>

Crude Oil (Sep 11) intraday: the bias remains bullish. Pivot: 95.00 Our Preference: LONG positions above 95 with 96.9 & 97.9 in sight. Alternative scenario: The downside penetration of 95 will call for 94 & 92.95. Comment: a support base at 95 has formed and has allowed for a temporary stabilisation.