GOLD (Spot) intraday: under pressure. |
| Pivot: 1870.00 Our Preference: SHORT positions below 1870 with targets @ 1825 & 1815. Alternative scenario: The upside penetration of 1870 will call for a rebound towards 1913 & 1940. Comment: intraday moving averages are turning down and should maintain downward pressure. |
Crude Oil (Oct 11) intraday: the upside prevails. |
| Pivot: 83.75 Our Preference: LONG positions above 83.75 with 86.05 & 87 as next targets. Alternative scenario: The downside penetration of 83.75 will call for 81.15 & 79.35. Comment: the RSI is mixed and calls for caution. Key level to watch is the 86 area. |
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