Wednesday, August 17, 2011


GOLD (Spot) intraday: further upside.

Pivot: 1767.00
Our Preference: LONG positions above 1767 with targets @ 1796 & 1815.
Alternative scenario: The downside breakout of 1767 will open the way to 1748 & 1725.
Comment: the RSI has just landed on its neutrality area at 50% and is turning up.

Crude Oil (Sep 11) intraday: further upside.

Pivot: 85.60
Our Preference: LONG positions above 85.6 with targets @ 90.25 & 92.85.
Alternative scenario: The downside breakout of 85.6 will open the way to 82.85 & 80.7.
Comment: the RSI is mixed with a bullish bias.

No comments:

Post a Comment