Gold Intraday: consolidation.
Pivot:
1809.00
Our preference:
Short positions below 1809.00 with targets at 1790.00 & 1781.00 in extension.
Alternative scenario:
Above 1809.00 look for further upside with 1819.00 & 1828.00 as targets.
Comment:
As long as 1809.00 is resistance, look for choppy price action with a bearish bias.
Crude Oil (WTI) (G2) Intraday: the downside prevails.
Pivot:
70.25
Our preference:
Short positions below 70.25 with targets at 68.00 & 67.30 in extension.
Alternative scenario:
Above 70.25 look for further upside with 71.00 & 71.70 as targets.
Comment:
The RSI is bearish and calls for further downside.
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