Gold Intraday: the bias remains bullish.
Pivot:
1798.00
Our preference:
Long positions above 1798.00 with targets at 1813.00 & 1820.00 in extension.
Alternative scenario:
Below 1798.00 look for further downside with 1790.00 & 1784.00 as targets.
Comment:
The immediate trend remains up but the momentum is weak.
Crude Oil (WTI) (G2) Intraday: intraday support around 72.45.
Pivot:
72.45
Our preference:
Long positions above 72.45 with targets at 73.90 & 74.50 in extension.
Alternative scenario:
Below 72.45 look for further downside with 71.60 & 70.80 as targets.
Comment:
Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
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