Gold Intraday: 1797.00 expected.
Pivot:
1819.00
Our preference:
Short positions below 1819.00 with targets at 1805.00 & 1797.00 in extension.
Alternative scenario:
Above 1819.00 look for further upside with 1825.00 & 1831.00 as targets.
Comment:
The RSI is bearish and calls for further downside.
Crude Oil (WTI) (G2) Intraday: consolidation in place.
Pivot:
77.80
Our preference:
Short positions below 77.80 with targets at 76.60 & 75.85 in extension.
Alternative scenario:
Above 77.80 look for further upside with 78.40 & 79.20 as targets.
Comment:
As long as 77.80 is resistance, likely decline to 76.60.
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