Gold Intraday: range.
Pivot:
1892.00
Our preference:
Long positions above 1892.00 with targets at 1918.00 & 1931.00 in extension.
Alternative scenario:
Below 1892.00 look for further downside with 1878.00 & 1864.00 as targets.
Comment:
A support base at 1892.00 has formed and has allowed for a temporary stabilisation.
Crude Oil (WTI) (J2) Intraday: bullish bias above 94.10.
Pivot:
94.10
Our preference:
Long positions above 94.10 with targets at 97.50 & 99.10 in extension.
Alternative scenario:
Below 94.10 look for further downside with 91.70 & 90.00 as targets.
Comment:
The RSI lacks downward momentum.
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