Crude Oil (Sep 11) intraday: rebound expected. |
| Pivot: 90.15 Our Preference: LONG positions above 90.15 with targets @ 92.85 & 93.75. Alternative scenario: The downside penetration of 90.15 will call for 89.15 & 88.6. Comment: a Falling Wedge is shaping and is expected to trigger a recovery. In addition, the 90.15 key support maintains an intraday bullish bias. |
GOLD (Spot) intraday: turning down. |
| Pivot: 1673.00 Our Preference: SHORT positions below 1673 with targets @ 1651 & 1644.5. Alternative scenario: The upside penetration of 1673 will call for a rebound towards 1687 & 1696. Comment: the RSI broke below a bullish trend line. |
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