GOLD (Spot) intraday: the downside prevails. |
| Pivot: 1855.00 Our Preference: SHORT positions below 1855 with 1796 & 1770 as next targets. Alternative scenario: The upside penetration of 1855 will call for a rebound towards 1878 & 1896. Comment: the upward potential is likely to be limited by the resistance area around 1840. |
Crude Oil (Oct 11) intraday: the bias remains bullish. |
| Pivot: 82.90 Our Preference: LONG positions above 82.9 with 86.6 & 88.2 as next targets. Alternative scenario: The downside penetration of 82.9 will call for a slide towards 81.7 & 81.2. Comment: the price has struck against the 50% retracement level at 82.95. The RSI advocates for further advance. |
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