Crude Oil (Jun 13) intraday: further advance.
Pivot: 91.10
Our preference: LONG positions above 91.1 with 93.85 & 95.1 as next targets.
Alternative scenario: The downside breakout of 91.1 will open the way to 90.3 & 89.3.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Our preference: LONG positions above 91.1 with 93.85 & 95.1 as next targets.
Alternative scenario: The downside breakout of 91.1 will open the way to 90.3 & 89.3.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
GOLD (Spot) intraday: the bias remains bullish.
Pivot: 1448.00
Our preference: LONG positions above 1448 with 1485 & 1507 in sight.
Alternative scenario: The downside breakout of 1448 will open the way to 1418 & 1404.
Comment: Gold prices are supported by a rising trend line and the 50 moving average is heading up. The upside prevails, as long as 1448 is support.
Our preference: LONG positions above 1448 with 1485 & 1507 in sight.
Alternative scenario: The downside breakout of 1448 will open the way to 1418 & 1404.
Comment: Gold prices are supported by a rising trend line and the 50 moving average is heading up. The upside prevails, as long as 1448 is support.
