GOLD (Spot) intraday: further advance. |
| Pivot: 1780.00 Our Preference: LONG positions above 1780 with 1830 & 1855 in sight. Alternative scenario: The downside penetration of 1780 will call for a slide towards 1770 & 1742. Comment: the immediate trend remains up and the momentum is strong. |
Crude Oil (Oct 11) intraday: further upside. |
| Pivot: 85.90 Our Preference: LONG positions above 85.9 with targets @ 88.2 & 89.15. Alternative scenario: The downside penetration of 85.9 will call for a slide towards 85 & 82.9. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. |
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