Gold Intraday: key resistance at 1835.00.
Pivot:
1835.00
Our preference:
Short positions below 1835.00 with targets at 1821.00 & 1814.00 in extension.
Alternative scenario:
Above 1835.00 look for further upside with 1842.00 & 1850.00 as targets.
Comment:
As long as the resistance at 1835.00 is not surpassed, the risk of the break below 1821.00 remains high.
Crude Oil (WTI) (H2) Intraday: consolidation in place.
Pivot:
90.55
Our preference:
Short positions below 90.55 with targets at 89.50 & 88.90 in extension.
Alternative scenario:
Above 90.55 look for further upside with 91.15 & 91.70 as targets.
Comment:
As long as 90.55 is resistance, look for choppy price action with a bearish bias.
