GOLD (Spot) intraday: key ST resistance at 1811 |
| Pivot: 1811.00 Our Preference: SHORT positions below 1811 with targets @ 1770 & 1742. Alternative scenario: The upside penetration of 1811 will call for 1830 & 1855. Comment: gold prices remain below the 50 period moving average. |
Crude Oil (Oct 11) intraday: bullish bias above 85.9 |
| Pivot: 85.90 Our Preference: LONG positions above 85.9 with targets @ 88.2 & 89.15. Alternative scenario: The downside breakout of 85.9 will open the way to 85 & 82.9. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited |
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