Gold Intraday: key resistance at 1865.00.
Pivot:
1865.00
Our preference:
Short positions below 1865.00 with targets at 1843.00 & 1832.00 in extension.
Alternative scenario:
Above 1865.00 look for further upside with 1872.00 & 1879.00 as targets.
Comment:
As long as the resistance at 1865.00 is not surpassed, the risk of the break below 1843.00 remains high.
Crude Oil (WTI) (H2) Intraday: key resistance at 93.25.
Pivot:
93.25
Our preference:
Short positions below 93.25 with targets at 90.65 & 89.95 in extension.
Alternative scenario:
Above 93.25 look for further upside with 94.55 & 95.80 as targets.
Comment:
Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
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