Gold Intraday: key resistance at 1799.00.
Pivot:
1799.00
Our preference:
Short positions below 1799.00 with targets at 1784.00 & 1775.00 in extension.
Alternative scenario:
Above 1799.00 look for further upside with 1806.00 & 1814.00 as targets.
Comment:
Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Crude Oil (WTI) (G2) Intraday: the bias remains bullish.
Pivot:
70.00
Our preference:
Long positions above 70.00 with targets at 72.75 & 73.70 in extension.
Alternative scenario:
Below 70.00 look for further downside with 69.35 & 68.60 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited
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