Friday, September 2, 2011

Technical 1 sep evening


GOLD (Spot) intraday: bullish bias above 1828

Pivot: 1828.00
Our Preference: LONG positions above 1828 with targets @ 1871 & 1888.
Alternative scenario: The downside breakout of 1828 will open the way to 1800 & 1770.
Comment: the immediate trend remains up and the momentum is strong.

Crude Oil (Oct 11) intraday: rebound in sight.

Pivot: 87.65
Our Preference: LONG positions above 87.65 with targets @ 89 & 89.9.
Alternative scenario: The downside breakout of 87.65 will open the way to 86.5 & 85.
Comment: the RSI is negative but supported by a strong support.

No comments:

Post a Comment