Crude Oil (Oct 11) intraday: bullish bias above 82.7 |
| Pivot: 82.70 Our Preference: LONG positions above 82.7 with 85.7 & 87 in sight. Alternative scenario: The downside penetration of 82.7 will call for a slide towards 81.15 & 79.35. Comment: moving averages are heading up. |
GOLD (Spot) intraday: the downside prevails. |
| Pivot: 1920.00 Our Preference: SHORT positions below 1920 with 1880 & 1857 in sight. Alternative scenario: The upside breakout of 1920 will open the way to 1940 & 1983. Comment: the RSI is capped by a declining trend line. |
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