Pivot: 33.80
Our preference: LONG positions above 33.8 with targets @ 34.4 & 34.75.
Alternative scenario: The downside penetration of 33.8 will call for 33.5 & 32.9.
Comment: the RSI is bullish and calls for further advance.
Friday, November 30, 2012
Crude Oil (Jan 13) intraday: the downside prevails.
Pivot: 88.70
Our preference: SHORT positions below 88.7 with 87 & 85.35 as next targets.
Alternative scenario: The upside penetration of 88.7 will call for a rebound towards 89.6 & 90.8.
Comment: as long as 88.7 is resistance, look for choppy price action with a bearish bias.
GOLD (Spot) intraday: further upside.
Pivot: 1722.00
Our preference: LONG positions above 1722 with 1736 & 1745 in sight.
Alternative scenario: The downside penetration of 1722 will call for 1717 & 1706.
Comment: the RSI is mixed with a bullish bias.
Natural Gas (Jan 13 - NYMEX) ST: as long as 3.45 is support look for 4.1
Our pivot point is at 3.45.
Our preference: as long as 3.45 is support look for 4.1.
Alternative scenario: below 3.45, expect 3.2 and 3.06.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace in the short term. The price is below its 20 day MA (3.69) but above its 50 day MA (3.53).
Copper (Dec 12) intraday: further advance.
Pivot: 3.57
Our preference: LONG positions above 3.57 with 3.62 & 3.64 in sight.
Alternative scenario: The downside penetration of 3.57 will call for 3.54 & 3.51.
Comment: technically, the RSI is above its neutrality area at 50.
SILVER (Spot) intraday: up turn.
Pivot: 33.80
Our preference: LONG positions above 33.8 with 34.4 & 34.75 in sight.
Alternative scenario: The downside breakout of 33.8 will open the way to 33.5 & 32.9.
Comment: the RSI is bullish and calls for further advance.
Crude Oil (Jan 13) intraday: the downside prevails
Pivot: 88.70
Our preference: SHORT positions @ 88.5 with 87 & 85.35 in sight.
Alternative scenario: The upside penetration of 88.7 will call for a rebound towards 89.6 & 90.8.
Comment: as long as 88.7 is resistance, look for choppy price action with a bearish bias.
GOLD (Spot) intraday: the downside prevails.
Pivot: 1730.00
Our preference: SHORT positions below 1730 with 1717 & 1706 as next targets.
Alternative scenario: The upside breakout of 1730 will open the way to 1737 & 1745.
Comment: as long as the resistance at 1730 is not surpassed, the risk of the break below 1717 remains high.
Thursday, November 29, 2012
Crude Oil (Jan 13) intraday: the bias remains bullish.
Pivot: 86.40
Our preference: LONG positions above 86.4 with targets @ 87.6 & 88.5.
Alternative scenario: The downside penetration of 86.4 will call for a slide towards 85.35 & 84.55.
Comment: the RSI is bullish and calls for further upside.
Copper (Dec 12) intraday: the downside prevails.
Pivot: 3.54
Our preference: SHORT positions below 3.54 with 3.5 & 3.48 as next targets.
Alternative scenario: The upside breakout of 3.54 will open the way to 3.56 & 3.58.
Comment: as long as 3.54 is resistance, likely decline to 3.5.
SILVER (Spot) intraday: the downside prevails.
Pivot: 34.00
Our preference: SHORT positions below 34 with 32.9 & 32.5 in sight.
Alternative scenario: The upside breakout of 34 will open the way to 34.3 & 34.5.
Comment: a break below 32.9 would trigger a drop towards 32.5.
Crude Oil (Jan 13) intraday: the downside prevails.
Pivot: 86.90
Our preference: SHORT positions below 86.9 with 85.15 & 84.55 as next targets.
Alternative scenario: The upside penetration of 86.9 will call for 87.8 & 88.5.
Comment: as long as the resistance at 86.9 is not surpassed, the risk of the break below 85.15 remains high.
GOLD (Spot) intraday: under pressure.
Pivot: 1730.00
Our preference: SHORT positions below 1730 with 1706 & 1690 in sight.
Alternative scenario: The upside breakout of 1730 will open the way to 1737 & 1745.
Comment: the immediate trend remains down and the momentum is strong.
Tuesday, November 27, 2012
Copper (Dec 12) intraday: further advance.
Pivot: 3.51
Our preference: LONG positions above 3.51 with targets @ 3.55 & 3.56.
Alternative scenario: The downside breakout of 3.51 will open the way to 3.47 & 3.44.
Comment: the RSI is mixed with a bullish bias.
SILVER (Spot) intraday: further upside.
Pivot: 33.65
Our preference: LONG positions above 33.65 with targets @ 34.3 & 34.5.
Alternative scenario: The downside penetration of 33.65 will call for 33.45 & 33.1.
Comment: technically, the RSI is above its neutrality area at 50.
Crude Oil (Jan 13) intraday: further advance.
Pivot: 87.40
Our preference: LONG positions above 87.4 with 88.5 & 89.15 as next targets.
Alternative scenario: The downside penetration of 87.4 will call for 86.2 & 85.15.
Comment: the RSI advocates for further upside.
GOLD (Spot) intraday: the bias remains bullish.
Pivot: 1735.00
Our preference: LONG positions above 1735 with 1757 & 1765 in sight.
Alternative scenario: The downside penetration of 1735 will call for 1728 & 1722.
Comment: even though a continuation of the consolidation cannot be ruled out , its extent should be limited.
Monday, November 26, 2012
SILVER (Spot) intraday: the bias remains bullish.
Pivot: 33.45
Our preference: LONG positions above 33.45 with 34.3 & 34.5 as next targets.
Alternative scenario: The downside penetration of 33.45 will call for a slide towards 33.1 & 32.85.
Comment: a bullish flag pattern confirmed, calling for further upside towards 33.85.
Copper (Dec 12) intraday: aim @ 3.56
Pivot: 3.50
Our preference: LONG positions above 3.5 with 3.54 & 3.56 as next targets.
Alternative scenario: The downside penetration of 3.5 will call for 3.47 & 3.44.
Comment: the RSI is bullish and calls for further upside.
Crude Oil (Jan 13) intraday: the bias remains bullish.
Pivot: 87.40
Our preference: LONG positions above 87.4 with targets @ 88.6 & 89.15.
Alternative scenario: The downside penetration of 87.4 will call for a slide towards 86.2 & 85.15.
Comment: technically, the RSI is above its neutrality area at 50.
GOLD (Spot) intraday: the bias remains bullish.
Pivot: 1735.00
Our preference: LONG positions above 1735 with 1755 & 1765 in sight.
Alternative scenario: The downside penetration of 1735 will call for 1728 & 1722.
Comment: the RSI is supported by a rising trend line.
Friday, November 23, 2012
GOLD (Spot) intraday: bullish bias above 1722
Pivot: 1722.00
Our preference: LONG positions above 1722 with 1735 & 1743 in sight.
Alternative scenario: The downside penetration of 1722 will call for a slide towards 1718 & 1711.
Comment: the RSI calls for a bounce.
Crude Oil (Jan 13) intraday: key ST resistance at 88
Pivot: 88.00
Our preference: SHORT positions below 88 with 86.2 & 85.15 in sight.
Alternative scenario: The upside penetration for 88 will call for a rebound towards 88.6 & 89.75.
Comment: as long as 88 is resistance, expect a return to 86.2.
SILVER (Spot) intraday: bullish bias above 32.85
Pivot: 32.85
Our preference: LONG positions above 32.85 with targets @ 33.85 & 34.3.
Alternative scenario: The downside breakout of 32.85 will open the way to 32.5 & 32.1.
Comment: a bullish flag pattern is confirmed, calling for further upside towards 33.85.
Copper (Dec 12) intraday: the downside prevails.
Pivot: 3.52
Our preference: SHORT positions below 3.515 with 3.48 & 3.47 in sight.
Alternative scenario: The upside penetration of 3.515 will call for a rebound towards 3.54 & 3.56.
Comment: as long as 3.515 is resistance, likely decline to 3.48.
Natural Gas (Dec 12 - NYMEX) ST: the upside prevails as long as 3.68 is support
Our pivot point stands at 3.68
Our preference: the upside prevails as long as 3.68 is support.
Alternative scenario: below 3.69, expect 3.42 and 3.26.
Copper (Dec 12) intraday: under pressure.
Pivot: 3.52
Our preference: SHORT positions below 3.515 with 3.48 & 3.47 in sight.
Alternative scenario: The upside penetration of 3.515 will call for a rebound towards 3.54 & 3.56.
Comment: as long as 3.515 is resistance, likely decline to 3.48.
SILVER (Spot) intraday: the bias remains bullish.
Pivot: 32.85
Our preference: LONG positions above 32.85 & 34.3 in sight.
Alternative scenario: The downside penetration of 32.85 will call for 32.5 & 32.1.
Comment: a bullish flag pattern is confirmed, calling for further upside towards 33.85.
Crude Oil (Jan 13) intraday: the downside prevails.
Pivot: 88.00
Our preference: SHORT positions below 88 with targets @ 86.2 & 85.15.
Alternative scenario: The upside breakout of 88 will open the way to 88.6 & 89.75.
Comment: as long as 88 is resistance, expect a return to 86.2.
GOLD (Spot) intraday: the bias remains bullish
Pivot: 1722.00
Our preference: LONG positions above 1722 with 1735 & 1743 as next targets.
Alternative scenario: The downside breakout of 1722 will open the way to 1718 & 1711.
Comment: the RSI is mixed with a bullish bias.
Thursday, November 22, 2012
Natural Gas (Dec 12 - NYMEX) ST: the upside prevails as long as 3.69 is support
3.69 is our pivot point.
Our preference: the upside prevails as long as 3.69 is support.
Alternative scenario: below 3.69, expect 3.43 and 3.27.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. The price is above its 20 and 50 day MA (respectively at 3.66 and 3.44). Natural Gas (Dec 12-NYMEX) is currently trading near its 52 week high reached at 3.91 on 21/11/12.
Natural Gas (Dec 12 - NYMEX) ST: the upside prevails as long as 3.69 is support
3.69 is our pivot point.
Our preference: the upside prevails as long as 3.69 is support.
Alternative scenario: below 3.69, expect 3.43 and 3.27.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. The price is above its 20 and 50 day MA (respectively at 3.66 and 3.44). Natural Gas (Dec 12-NYMEX) is currently trading near its 52 week high reached at 3.91 on 21/11/12.
Crude Oil (Jan 13) intraday: the downside prevails.
Pivot: 88.00
Our preference: SHORT positions below 88 with 86.2 & 85.15 in sight.
Alternative scenario: The upside penetration of 88 will call for 88.6 & 89.75.
Comment: as long as 88 is resistance, expect a return to 86.2.
Copper (Dec 12) intraday: target 3.48
Pivot: 3.52
Our preference: SHORT positions below 3.515 with 3.48 & 3.47 in sight.
Alternative scenario: The upside penetration of 3.515 will call for 3.54 & 3.56.
Comment: intraday technical indicators are mixed and call for caution.
SILVER (Spot) intraday: the bias remains bullish.
Pivot: 32.85
Our preference: LONG positions above 32.85 with targets @ 33.85 & 34.3.
Alternative scenario: The downside penetration of 32.85 will call for a slide towards 32.5 & 32.1.
Comment: the RSI is bullish and calls for further upside.
GOLD (Spot) intraday: bullish bias above 1722
Pivot: 1722.00
Our preference: LONG positions above 1722 with 1735 & 1743 in sight.
Alternative scenario: The downside breakout of 1722 will open the way to 1718 & 1711.
Comment: the RSI is bullish and calls for further upside.
Wednesday, November 21, 2012
Crude Oil (Jan 13) intraday: the downside prevails.
Pivot: 88.60
Our preference: SHORT positions below 88.6 with 85.15 & 84.5 in sight.
Alternative scenario: The upside penetration of 88.6 will call for 89.75 & 90.7.
Comment: the immediate trend remains down but the momentum is weak.
GOLD (Spot) intraday: under pressure.
Pivot: 1735.00
Our preference: SHORT positions below 1735 with targets @ 1717 & 1711.
Alternative scenario: The upside penetration of 1735 will call for a rebound towards 1743 7 1749.
Comment: the RSI is capped by a declining trend line.
SILVER (Spot) intraday: further upside.
Pivot: 32.70
Our preference: LONG positions above 32.7 with targets @ 33.5 & 33.85.
Alternative scenario: The downside breakout of 32.7 will open the way to 32.1 & 31.62.
Comment: intraday support around 32.7
SILVER (Spot) intraday: further upside.
Pivot: 32.70
Our preference: LONG positions above 32.7 with targets @ 33.5 & 33.85.
Alternative scenario: The downside breakout of 32.7 will open the way to 32.1 & 31.62.
Comment: intraday support around 32.7
Natural Gas (Dec 12 - NYMEX) ST: the upside prevails as long as 3.62 is support
Our pivot point is at 3.62.
Our preference: the upside prevails as long as 3.62 is support.
Alternative scenario: below 3.62, expect 3.37 and 3.21.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. The price is trading above both its 20 and 50 day MA (respectively at 3.64 and 3.42). Natural Gas (Dec 12 - NYMEX) is currently trading near its 52 week high reached at 3.84 on 20/11/12.
Copper (Dec 12) intraday: the downside prevails.
Pivot: 3.53
Our preference: SHORT positions below 3.525 with targets @ 3.48 & 3.47.
Alternative scenario: The upside breakout of 3.525 will open the way to 3.54 & 3.56.
Comment: the RSI is badly directed.
SILVER (Spot) intraday: the bias remains bullish.
Pivot: 32.70
Our preference: LONG positions above 32.7 with 33.5 & 33.85 as next targets.
Alternative scenario: The downside penetration of 32.7 will call for 32.1 & 31.62.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Crude Oil (Jan 13) intraday: the downside prevails.
Pivot: 88.60
Our preference: SHORT positions below 88.6 with targets @ 85.15 & 84.5.
Alternative scenario: The upside penetration of 88.6 will call for a rebound towards 89.75 & 90.7.
Comment: the immediate trend remains down but the momentum is weak.
GOLD (Spot) intraday: the downside prevails.
Pivot: 1735.00
Our preference: SHORT positions below 1735 with targets @ 1720 & 1711.
Alternative scenario: The upside breakout of 1735 will open the way to 1743 & 1749.
Comment: the RSI is capped by a declining trend line.
Tuesday, November 20, 2012
SILVER (Spot) intraday: bullish bias above 32.7
Pivot: 32.70
Our preference: LONG positions above 32.7 with 33.5 & 33.85 in sight.
Alternative scenario: The downside penetration of 32.7 will call for 32.1 & 31.62.
Comment: the immediate trend remains up and the momentum is strong.
Crude Oil (Jan 13) intraday: further advance.
Pivot: 88.10
Our preference: LONG positions above 88.1 with 89.75 & 90.7 in sight.
Alternative scenario: The downside penetration of 88.1 will call for a slide towards 87.2 & 86.
Comment: the RSI is above its neutrality area at 50%.
GOLD (Spot) intraday: bullish bias above 1727.3
Pivot: 1727.30
Our preference: LONG positions above 1727.3 with 1738 & 1749 as next targets.
Alternative scenario: The downside penetration of 1727.3 will call for 1720 & 1711.
Comment: the RSI is mixed with a bullish bias.
Natural Gas (Dec 12 - NYMEX) ST: the upside prevails as long as 3.53 is support
Our pivot point is at 3.53.
Our preference: the upside prevails as long as 3.53 is support.
Alternative scenario: below 3.53, expect 3.28 and 3.12.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. The price is above its 20 and 50 day MA (respectively at 3.61 and 3.4). Natural Gas (DEC 12-NYMEX) is currently trading near its 52 week high reached at 3.84 on 19/11/12.
Copper (Dec 12) intraday: further advance.
Pivot: 3.50
Our preference: LONG positions above 3.495 with 3.54 & 3.56 as next targets.
Alternative scenario: The downside penetration of 3.495 will call for a slide towards 3.48 & 3.47.
Comment: the RSI has just landed on its neutrality area at 50% and is turning up.
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