Gold Intraday: supported by a rising trend line.
Pivot:
1923.00
Our preference:
Long positions above 1923.00 with targets at 1950.00 & 1960.00 in extension.
Alternative scenario:
Below 1923.00 look for further downside with 1914.00 & 1902.00 as targets.
Comment:
The RSI is mixed to bullish.
Crude Oil (WTI) (J2) Intraday: key resistance at 112.00.
Pivot:
112.00
Our preference:
Short positions below 112.00 with targets at 105.20 & 102.55 in extension.
Alternative scenario:
Above 112.00 look for further upside with 114.50 & 116.55 as targets.
Comment:
The RSI is mixed with a bearish bias.
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