GOLD (Spot) intraday: look for 1790 |
| Pivot: 1720.00 Our Preference: LONG positions above 1720 with 1772.5 & 1790 in sight. Alternative scenario: The downside penetration of 1720 will call for 1692 & 1680. Comment: the RSI is supported by a bullish trend line. |
Crude Oil (Sep 11) intraday: 74 in sight |
| Pivot: 83.00 Our Preference: SHORT positions below 83 with 75.7 & 74 as next targets. Alternative scenario: The upside penetration of 83 will call for a rebound towards 86 & 88.3. Comment: the RSI is capped by a declining trend line. |
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