Gold Intraday: bullish bias above 1780.00.
Pivot:
1780.00
Our preference:
Long positions above 1780.00 with targets at 1793.00 & 1798.00 in extension.
Alternative scenario:
Below 1780.00 look for further downside with 1774.00 & 1769.00 as targets.
Comment:
The immediate trend remains up but the momentum is weak.
Crude Oil (WTI) (F2) Intraday: look for 70.40.
Pivot:
71.95
Our preference:
Short positions below 71.95 with targets at 70.40 & 69.70 in extension.
Alternative scenario:
Above 71.95 look for further upside with 72.50 & 73.00 as targets.
Comment:
As long as 71.95 is resistance, expect a return to 70.40.
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