Gold Intraday: supported by a rising trend line.
Pivot:
1794.00
Our preference:
Long positions above 1794.00 with targets at 1808.00 & 1816.00 in extension.
Alternative scenario:
Below 1794.00 look for further downside with 1788.00 & 1780.00 as targets.
Comment:
The RSI is mixed to bullish.
Crude Oil (WTI) (H2) Intraday: bullish bias above 87.55.
Pivot:
87.55
Our preference:
Long positions above 87.55 with targets at 88.75 & 89.50 in extension.
Alternative scenario:
Below 87.55 look for further downside with 87.00 & 86.35 as targets.
Comment:
A support base at 87.55 has formed and has allowed for a temporary stabilisation.
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