Technical july 29

Crude Oil (Sep 11) intraday: under pressure.

Pivot: 98.10 Our Preference: SHORT positions below 98.1 with 96.5 & 96 as next targets. Alternative scenario: The upside penetration of 98.1 will call for a rebound towards 98.55 & 99.3. Comment: the RSI is capped by a bearish trend line.

if break the 40. 5 then purchase for the target of 41.48 and stop loss in 38 us dollars

GOLD (Spot) intraday: watch 1635

Pivot: 1602.00 Our Preference: LONG positions above 1602 with 1621 & 1635 as next targets. Alternative scenario: The downside penetration of 1602 will call for 1593 & 1583. Comment: the RSI is supported by a bullish trend line.