Gold Intraday: further upside.
Pivot:
1965.00
Our preference:
Long positions above 1965.00 with targets at 2000.00 & 2015.00 in extension.
Alternative scenario:
Below 1965.00 look for further downside with 1951.00 & 1933.00 as targets.
Comment:
The RSI is bullish and calls for further advance.
Crude Oil (WTI) (J2) Intraday: the upside prevails.
Pivot:
121.20
Our preference:
Long positions above 121.20 with targets at 132.00 & 136.00 in extension.
Alternative scenario:
Below 121.20 look for further downside with 116.00 & 112.00 as targets.
Comment:
The RSI shows upside momentum.
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