Gold Intraday: further advance.
Pivot:
1786.00
Our preference:
Long positions above 1786.00 with targets at 1808.00 & 1815.00 in extension.
Alternative scenario:
Below 1786.00 look for further downside with 1779.00 & 1772.00 as targets.
Comment:
The RSI shows upside momentum.
Crude Oil (WTI) (F2) Intraday: testing the channel support.
Pivot:
71.30
Our preference:
Long positions above 71.30 with targets at 72.55 & 73.00 in extension.
Alternative scenario:
Below 71.30 look for further downside with 70.65 & 70.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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