Techinical 1 sep afternoon

GOLD (Spot) intraday: caution

Pivot: 1846.00 Our Preference: LONG positions above 1846 with 1883 & 1900 as next targets. Alternative scenario: The downside penetration of 1846 will call for a slide towards 1830 & 1800. Comment: the immediate trend remains up but the momentum is weak. Crude Oil (Oct 11) intraday: bullish bias above 87.7 Pivot: 87.70 Our Preference: LONG positions above 87.7 with 89.9 & 90.5 in sight. Alternative scenario: The downside penetration of 87.7 will call for a slide towards 86.6 & 85.5. Comment: a bullish flag is taking place which advocates for further upside.