Thursday, September 1, 2011

Technical 1 sep evening


GOLD (Spot) intraday: further upside.

Pivot: 1810.00
Our Preference: LONG positions above 1810 with targets @ 1840 & 1855.
Alternative scenario: The downside penetration of 1810 will call for a slide towards 1770 & 1745.
Comment: intraday support around 1810

Crude Oil (Oct 11) intraday: further advance.

Pivot: 87.65
Our Preference: LONG positions above 87.65 with 89.5 & 90.2 in sight.
Alternative scenario: The downside breakout of 87.65 will open the way to 86.5 & 85.
Comment: intraday support around 87.65

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