Gold Intraday: further advance.
Pivot:
1800.00
Our preference:
Long positions above 1800.00 with targets at 1815.00 & 1822.00 in extension.
Alternative scenario:
Below 1800.00 look for further downside with 1795.00 & 1791.00 as targets.
Comment:
The RSI calls for a new upleg.
Crude Oil (WTI) (H2) Intraday: bullish bias above 91.00.
Pivot:
91.00
Our preference:
Long positions above 91.00 with targets at 92.50 & 93.15 in extension.
Alternative scenario:
Below 91.00 look for further downside with 90.30 & 89.70 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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