GOLD (Spot) intraday: expect 1636.5 |
| Pivot: 1613.00 Our Preference: LONG positions above 1613 with 1632 & 1636.5 in sight. Alternative scenario: The downside penetration of 1613 will call for a slide towards 1603 & 1597. Comment: the RSI is reversing up and calls for a rebound. The price is supported by a rising trend line. |
Crude Oil (Sep 11) intraday: under pressure. |
| Pivot: 95.45 Our Preference: SHORT positions below 95.45 with 93.4 & 92.65 in sight. Alternative scenario: The upside breakout of 95.45 will open the way to 96.6 & 97.3. Comment: the break below the support at 95.45 triggered a downward acceleration to 92.65. |
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