Gold Intraday: key resistance at 1799.00.
Pivot:
1799.00
Our preference:
Short positions below 1799.00 with targets at 1780.00 & 1772.00 in extension.
Alternative scenario:
Above 1799.00 look for further upside with 1809.00 & 1816.00 as targets.
Comment:
The RSI has just struck against its neutrality area at 50% and is reversing down.
Crude Oil (WTI) (H2) Intraday: aim @ 89.40.
Pivot:
86.45
Our preference:
Long positions above 86.45 with targets at 88.80 & 89.40 in extension.
Alternative scenario:
Below 86.45 look for further downside with 85.65 & 85.00 as targets.
Comment:
The RSI calls for a bounce.
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