Our preference: SHORT positions below 1412 with targets @ 1390 & 1384.
Alternative scenario: The upside breakout of 1412 will open the way to 1422 & 1430.
Comment: as long as 1412 is resistance, look for choppy price action with a bearish bias.
Friday, August 30, 2013
GOLD (Spot) intraday: under pressure.
Pivot: 1412.00
Our preference: SHORT positions below 1412 with targets @ 1390 & 1384.
Alternative scenario: The upside breakout of 1412 will open the way to 1422 & 1430.
Comment: as long as 1412 is resistance, look for choppy price action with a bearish bias.
Our preference: SHORT positions below 1412 with targets @ 1390 & 1384.
Alternative scenario: The upside breakout of 1412 will open the way to 1422 & 1430.
Comment: as long as 1412 is resistance, look for choppy price action with a bearish bias.
Crude Oil (Oct 13) intraday: up turn.
Pivot: 106.60
Our preference: LONG positions above 106.6 with 108.6 & 110 in sight.
Alternative scenario: The downside breakout of 106.6 will open the way to 105.55 & 104.3.
Comment: a support base at 106.6 has formed and has allowed for a temporary stabilisation.
Our preference: LONG positions above 106.6 with 108.6 & 110 in sight.
Alternative scenario: The downside breakout of 106.6 will open the way to 105.55 & 104.3.
Comment: a support base at 106.6 has formed and has allowed for a temporary stabilisation.
SILVER (Spot) intraday: the downside prevails.
Pivot: 24.15
Our preference: SHORT positions below 24.15 with targets @ 23.35 & 22.9.
Alternative scenario: The upside breakout of 24.15 will open the way to 24.4 & 24.7.
Comment: capped by a negative trend line.
Our preference: SHORT positions below 24.15 with targets @ 23.35 & 22.9.
Alternative scenario: The upside breakout of 24.15 will open the way to 24.4 & 24.7.
Comment: capped by a negative trend line.
SILVER (Spot) intraday: under pressure.
Pivot: 24.15
Our preference: SHORT positions below 24.15 with 23.65 & 23.35 as next targets.
Alternative scenario: The upside breakout of 24.15 will open the way to 24.4 & 24.7.
Comment: capped by a negative trend line.
Our preference: SHORT positions below 24.15 with 23.65 & 23.35 as next targets.
Alternative scenario: The upside breakout of 24.15 will open the way to 24.4 & 24.7.
Comment: capped by a negative trend line.
GOLD (Spot) intraday: the downside prevails.
Pivot: 1416.00
Our preference: SHORT positions below 1416 with 1395 & 1384 as next targets.
Alternative scenario: The upside penetration of 1416 will call for a rebound towards 1422 & 1430.
Comment: as long as 1416 is resistance, likely decline to 1395.
Our preference: SHORT positions below 1416 with 1395 & 1384 as next targets.
Alternative scenario: The upside penetration of 1416 will call for a rebound towards 1422 & 1430.
Comment: as long as 1416 is resistance, likely decline to 1395.
Crude Oil (Oct 13) intraday: up turn.
Pivot: 106.60
Our preference: LONG positions above 106.6 with 108.6 & 110 as next targets.
Alternative scenario: The downside penetration of 106.6 will call for 105.55 & 104.3.
Comment: a support base at 106.6 has formed and has allowed for a temporary stabilisation.
Our preference: LONG positions above 106.6 with 108.6 & 110 as next targets.
Alternative scenario: The downside penetration of 106.6 will call for 105.55 & 104.3.
Comment: a support base at 106.6 has formed and has allowed for a temporary stabilisation.
Crude Oil (Oct 13) intraday: the bias remains bullish.
Pivot: 106.60
Our preference: LONG positions above 106.6 with 108.6 & 110 as next targets.
Alternative scenario: The downside breakout of 106.6 will open the way to 105.55 & 104.3.
Comment: a support base at 106.6 has formed and has allowed for a temporary stabilisation.
Our preference: LONG positions above 106.6 with 108.6 & 110 as next targets.
Alternative scenario: The downside breakout of 106.6 will open the way to 105.55 & 104.3.
Comment: a support base at 106.6 has formed and has allowed for a temporary stabilisation.
Thursday, August 29, 2013
GOLD (Spot) intraday: the downside prevails.
Pivot: 1422.00
Our preference: SHORT positions below 1422 with 1395 & 1384 in sight.
Alternative scenario: The upside penetration of 1422 will call for a rebound towards 1430 & 1440.
Comment: gold prices broke below the rising trend line. The 50 moving average is turning down.
Our preference: SHORT positions below 1422 with 1395 & 1384 in sight.
Alternative scenario: The upside penetration of 1422 will call for a rebound towards 1430 & 1440.
Comment: gold prices broke below the rising trend line. The 50 moving average is turning down.
Crude Oil (Oct 13) intraday: the downside prevails.
Pivot: 110.00
Our preference: SHORT positions below 110 with targets @ 108.3 & 107.4.
Alternative scenario: The upside penetration of 110 will call for a rebound towards 110.7 & 112.2.
Comment: the RSI is below its neutrality area at 50%
Our preference: SHORT positions below 110 with targets @ 108.3 & 107.4.
Alternative scenario: The upside penetration of 110 will call for a rebound towards 110.7 & 112.2.
Comment: the RSI is below its neutrality area at 50%
SILVER (Spot) intraday: under pressure.
Pivot: 24.35
Our preference: SHORT positions below 24.35 with 23.65 & 23.35 as next targets.
Alternative scenario: The upside breakout of 24.35 will open the way to 24.7 & 25.1.
Comment: technically, the RSI is below its neutrality area at 50.
Our preference: SHORT positions below 24.35 with 23.65 & 23.35 as next targets.
Alternative scenario: The upside breakout of 24.35 will open the way to 24.7 & 25.1.
Comment: technically, the RSI is below its neutrality area at 50.
SILVER (Spot) intraday: the downside prevails.
Pivot: 24.70
Our preference: SHORT positions below 24.7 with 23.9 & 23.6 as next targets.
Alternative scenario: The upside breakout of 24.7 will open the way to 25.1 & 25.45.
Comment: silver prices broke below the rising trend line. The 50 moving average is turning down.
Our preference: SHORT positions below 24.7 with 23.9 & 23.6 as next targets.
Alternative scenario: The upside breakout of 24.7 will open the way to 25.1 & 25.45.
Comment: silver prices broke below the rising trend line. The 50 moving average is turning down.
Crude Oil (Oct 13) intraday: key ST resistance at 110.7
Pivot: 110.70
Our preference: SHORT positions below 110.7 with targets @ 108.3 & 107.4.
Alternative scenario: The upside penetration of 110.7 will call for 112.2 & 114.
Comment: the RSI is bearish and calls for further downside.
Our preference: SHORT positions below 110.7 with targets @ 108.3 & 107.4.
Alternative scenario: The upside penetration of 110.7 will call for 112.2 & 114.
Comment: the RSI is bearish and calls for further downside.
GOLD (Spot) intraday: the downside prevails.
Pivot: 1422.00
Our preference: SHORT positions below 1422 with 1395 & 1384 in sight.
Alternative scenario: The upside penetration of 1422 will call for a rebound towards 1430 & 1440.
Comment: gold prices broke below the rising trend line. The 50 moving average is turning down.
Our preference: SHORT positions below 1422 with 1395 & 1384 in sight.
Alternative scenario: The upside penetration of 1422 will call for a rebound towards 1430 & 1440.
Comment: gold prices broke below the rising trend line. The 50 moving average is turning down.
Wednesday, August 28, 2013
Crude Oil (Oct 13) MT: further advance.
Pivot: 102.20
Our Preference: Bullish as long as 102.2 is support with targets at 114.7 and 118.25 in extension.
Alternative Scenario: Below 102.2 eye a drop towards 99 and 91.3 in extension.
Comment: the upward breakout of the bullish flag pattern signals the end of the pause and resumption of the preceding up trend.
Our Preference: Bullish as long as 102.2 is support with targets at 114.7 and 118.25 in extension.
Alternative Scenario: Below 102.2 eye a drop towards 99 and 91.3 in extension.
Comment: the upward breakout of the bullish flag pattern signals the end of the pause and resumption of the preceding up trend.
Gold MT: continuation of the rebound.
Pivot: 1348.
Our Preference: As long as 1348 is support, look for rise towards 1488 & 1522.
Alternative scenario: A downside breakout of 1348 would open the way towards 1273.
Comment: the bullish cross between the 20-day and 50-day moving average is a positive signal and both moving averages are now ascending.
Our Preference: As long as 1348 is support, look for rise towards 1488 & 1522.
Alternative scenario: A downside breakout of 1348 would open the way towards 1273.
Comment: the bullish cross between the 20-day and 50-day moving average is a positive signal and both moving averages are now ascending.
GOLD (Spot) intraday: the bias remains bullish.
Pivot: 1411.00
Our preference: LONG positions above 1411 with targets @ 1440 & 1462.
Alternative scenario: The downside penetration of 1411 will call for 1395 & 1384.
Comment: the price and the RSI are supported by rising trend lines.
Our preference: LONG positions above 1411 with targets @ 1440 & 1462.
Alternative scenario: The downside penetration of 1411 will call for 1395 & 1384.
Comment: the price and the RSI are supported by rising trend lines.
SILVER (Spot) intraday: the bias remains bullish.
Pivot: 24.40
Our preference: LONG positions above 24.4 with targets @ 25.2 & 25.45.
Alternative scenario: The downside breakout of 24.4 will open the way to 24.15 & 23.9.
Comment: silver prices are supported by a rising trend line.
Our preference: LONG positions above 24.4 with targets @ 25.2 & 25.45.
Alternative scenario: The downside breakout of 24.4 will open the way to 24.15 & 23.9.
Comment: silver prices are supported by a rising trend line.
SILVER (Spot) intraday: further upside.
Pivot: 24.40
Our preference: LONG positions above 24.4 with 24.85 & 25.2 in sight.
Alternative scenario: The downside penetration of 24.4 will call for a slide towards 24.15 & 23.9.
Comment: silver prices are supported by a rising trend line.
Our preference: LONG positions above 24.4 with 24.85 & 25.2 in sight.
Alternative scenario: The downside penetration of 24.4 will call for a slide towards 24.15 & 23.9.
Comment: silver prices are supported by a rising trend line.
GOLD (Spot) intraday: bullish bias above 1411
Pivot: 1411.00
Our preference: LONG positions above 1411 with targets @ 1440 & 1462.
Alternative scenario: The downside penetration of 1411 will call for a slide towards 1395 & 1384.
Comment: the price and the RSI are supported by rising trend lines.
Our preference: LONG positions above 1411 with targets @ 1440 & 1462.
Alternative scenario: The downside penetration of 1411 will call for a slide towards 1395 & 1384.
Comment: the price and the RSI are supported by rising trend lines.
Crude Oil (Oct 13) intraday: further upside.
Pivot: 109.70
Our preference: LONG positions above 109.7 with 114 & 114.8 in sight.
Alternative scenario: The downside breakout of 109.7 will open the way to 108.3 & 107.4.
Comment: the immediate trend remains up and the momentum is strong.
Our preference: LONG positions above 109.7 with 114 & 114.8 in sight.
Alternative scenario: The downside breakout of 109.7 will open the way to 108.3 & 107.4.
Comment: the immediate trend remains up and the momentum is strong.
Tuesday, August 27, 2013
Crude Oil (Oct 13) intraday: the bias remains bullish.
Pivot: 105.75
Our preference: LONG positions above 105.75 with 106.7 & 107.35 in sight.
Alternative scenario: The downside penetration of 105.75 will call for a slide towards 105 & 104.3.
Comment: the RSI lacks downward momentum.
Our preference: LONG positions above 105.75 with 106.7 & 107.35 in sight.
Alternative scenario: The downside penetration of 105.75 will call for a slide towards 105 & 104.3.
Comment: the RSI lacks downward momentum.
GOLD (Spot) intraday: further advance.
Pivot: 1381.00
Our preference: LONG positions above 1381 with 1415 & 1423 in sight.
Alternative scenario: The downside breakout of 1381 will open the way to 1369 & 1355.
Comment: the break above 1381 is a positive signal that has opened a path to 1415.
Our preference: LONG positions above 1381 with 1415 & 1423 in sight.
Alternative scenario: The downside breakout of 1381 will open the way to 1369 & 1355.
Comment: the break above 1381 is a positive signal that has opened a path to 1415.
SILVER (Spot) intraday: further advance.
Pivot: 23.60
Our preference: LONG positions above 23.6 with 24.8 & 25.2 in sight.
Alternative scenario: The downside penetration of 23.6 will call for a slide towards 23.3 & 22.85.
Comment: the RSI is negative but supported by a strong support.
Our preference: LONG positions above 23.6 with 24.8 & 25.2 in sight.
Alternative scenario: The downside penetration of 23.6 will call for a slide towards 23.3 & 22.85.
Comment: the RSI is negative but supported by a strong support.
Friday, August 23, 2013
SILVER (Spot) intraday: the bias remains bullish.
Pivot: 22.70
Our preference: LONG positions above 22.7 with targets @ 23.35 & 23.6.
Alternative scenario: The downside penetration of 22.7 will call for 22.45 & 22.25.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Our preference: LONG positions above 22.7 with targets @ 23.35 & 23.6.
Alternative scenario: The downside penetration of 22.7 will call for 22.45 & 22.25.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Crude Oil (Oct 13) intraday: further upside.
Pivot: 104.10
Our preference: LONG positions above 104.1 with 106.25 & 106.95 in sight.
Alternative scenario: The downside penetration of 104.1 will call for 103.5 & 103.1.
Comment: the RSI is above its neutrality area at 50%.
Our preference: LONG positions above 104.1 with 106.25 & 106.95 in sight.
Alternative scenario: The downside penetration of 104.1 will call for 103.5 & 103.1.
Comment: the RSI is above its neutrality area at 50%.
GOLD (Spot) intraday: further advance.
Pivot: 1359.00
Our preference: LONG positions above 1359 with targets @ 1384 & 1394.
Alternative scenario: The downside breakout of 1359 will open the way to 1352 & 1347.
Comment: the RSI is mixed to bullish.
Our preference: LONG positions above 1359 with targets @ 1384 & 1394.
Alternative scenario: The downside breakout of 1359 will open the way to 1352 & 1347.
Comment: the RSI is mixed to bullish.
Thursday, August 22, 2013
GOLD (Spot) intraday: the bias remains bullish.
Pivot: 1359.00
Our preference: LONG positions above 1359 with targets @ 1379 & 1384.
Alternative scenario: The downside penetration of 1359 will call for a slide towards 1352 & 1347.
Comment: the RSI is mixed with a bullish bias.
Our preference: LONG positions above 1359 with targets @ 1379 & 1384.
Alternative scenario: The downside penetration of 1359 will call for a slide towards 1352 & 1347.
Comment: the RSI is mixed with a bullish bias.
Crude Oil (Oct 13) intraday: the downside prevails.
Pivot: 105.20
Our preference: SHORT positions below 105.2 with 103.1 & 101.8 in sight.
Alternative scenario: The upside penetration of 105.2 will call for a rebound towards 106.25 & 106.95.
Comment: as long as the resistance at 105.2 is not surpassed, the risk of the break below 103.1 remains high.
Our preference: SHORT positions below 105.2 with 103.1 & 101.8 in sight.
Alternative scenario: The upside penetration of 105.2 will call for a rebound towards 106.25 & 106.95.
Comment: as long as the resistance at 105.2 is not surpassed, the risk of the break below 103.1 remains high.
SILVER (Spot) intraday: further advance.
Pivot: 22.70
Our preference: LONG positions above 22.7 with targets @ 23.35 & 23.6.
Alternative scenario: The downside breakout of 22.7 will open the way to 22.45 & 22.25.
Comment: the RSI is mixed with a bullish bias.
Our preference: LONG positions above 22.7 with targets @ 23.35 & 23.6.
Alternative scenario: The downside breakout of 22.7 will open the way to 22.45 & 22.25.
Comment: the RSI is mixed with a bullish bias.
SILVER (Spot) intraday: further advance.
Pivot: 22.25
Our preference: LONG positions above 22.25 with 23.3 & 23.6 in sight.
Alternative scenario: The downside breakout of 22.25 will open the way to 21.7 & 21.25.
Comment: the RSI has just landed on a support around 30% and is reversing up.
Our preference: LONG positions above 22.25 with 23.3 & 23.6 in sight.
Alternative scenario: The downside breakout of 22.25 will open the way to 21.7 & 21.25.
Comment: the RSI has just landed on a support around 30% and is reversing up.
Crude Oil (Oct 13) intraday: the downside prevails.
Pivot: 105.20
Our preference: SHORT positions below 105.2 with targets @ 103.1 & 101.8.
Alternative scenario: The upside penetration of 105.2 will call for 106.25 & 106.95.
Comment: technically, the RSI is below its neutrality area at 50.
Our preference: SHORT positions below 105.2 with targets @ 103.1 & 101.8.
Alternative scenario: The upside penetration of 105.2 will call for 106.25 & 106.95.
Comment: technically, the RSI is below its neutrality area at 50.
GOLD (Spot) intraday: the bias remains bullish.
Pivot: 1352.00
Our preference: LONG positions above 1352 with 1373 & 1384 in sight.
Alternative scenario: The downside penetration of 1352 will call for 1345 & 1328.
Comment: the RSI is supported by a bullish trend line.
Our preference: LONG positions above 1352 with 1373 & 1384 in sight.
Alternative scenario: The downside penetration of 1352 will call for 1345 & 1328.
Comment: the RSI is supported by a bullish trend line.
Wednesday, August 21, 2013
GOLD (Spot) intraday: the bias remains bullish.
Pivot: 1352.00
Our preference: LONG positions above 1352 with 1384 & 1394 as next targets.
Alternative scenario: The downside penetration of 1352 will call for 1345 & 1328.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Our preference: LONG positions above 1352 with 1384 & 1394 as next targets.
Alternative scenario: The downside penetration of 1352 will call for 1345 & 1328.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Crude Oil (Oct 13) intraday: key ST resistance at 106.4
Pivot: 106.40
Our preference: SHORT positions below 106.4 with 104.3 & 103.1 in sight.
Alternative scenario: The upside penetration of 106.4 will call for 107.5 & 107.9.
Comment: technically, the RSI is below its neutrality area at 50.
Our preference: SHORT positions below 106.4 with 104.3 & 103.1 in sight.
Alternative scenario: The upside penetration of 106.4 will call for 107.5 & 107.9.
Comment: technically, the RSI is below its neutrality area at 50.
SILVER (Spot) intraday: bullish bias above 22.25
Pivot: 22.25
Our preference: LONG positions above 22.25 with 23.6 & 24.2 as next targets.
Alternative scenario: The downside penetration of 22.25 will call for a slide towards 21.7 & 21.25.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Our preference: LONG positions above 22.25 with 23.6 & 24.2 as next targets.
Alternative scenario: The downside penetration of 22.25 will call for a slide towards 21.7 & 21.25.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Crude Oil (Sep 13) MT: bullish bias above 97.5.
Pivot: 97.50
Our Preference: Bullish as long as 97.5 is support with targets at 109 and 114.7 in extension.
Alternative Scenario: Below 97.5 eye a drop towards 91.3 and 85.6 in extension.
Comment: the RSI is mixed and calls for caution. Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Our Preference: Bullish as long as 97.5 is support with targets at 109 and 114.7 in extension.
Alternative Scenario: Below 97.5 eye a drop towards 91.3 and 85.6 in extension.
Comment: the RSI is mixed and calls for caution. Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Silver MT: continuation of the rebound.
Pivot: 20.
Our Preference: As long as 20.2 is support, look for rise towards 24.8 & 26.
Alternative scenario: A downside breakout of 20.2 would open the way towards 18.2.
Comment: the 20-day and 50-day moving averages are turning up and are possible areas of support.
Our Preference: As long as 20.2 is support, look for rise towards 24.8 & 26.
Alternative scenario: A downside breakout of 20.2 would open the way towards 18.2.
Comment: the 20-day and 50-day moving averages are turning up and are possible areas of support.
Gold MT: expect 1488.
Pivot: 1270.
Our Preference: As long as 1270 is support, look for rise towards 1415 & 1488.
Alternative scenario: A downside breakout of 1270 would open the way towards 1180.
Comment: The 20-MA crossed above the 50-MA and daily technical indicators are turning up.
Our Preference: As long as 1270 is support, look for rise towards 1415 & 1488.
Alternative scenario: A downside breakout of 1270 would open the way towards 1180.
Comment: The 20-MA crossed above the 50-MA and daily technical indicators are turning up.
SILVER (Spot) intraday: the bias remains bullish.
Pivot: 22.25
Our preference: LONG positions above 22.25 with targets @ 23.6 & 24.2.
Alternative scenario: The downside penetration of 22.25 will call for a slide towards 21.7 & 21.25.
Comment: the RSI is mixed with a bullish bias.
Our preference: LONG positions above 22.25 with targets @ 23.6 & 24.2.
Alternative scenario: The downside penetration of 22.25 will call for a slide towards 21.7 & 21.25.
Comment: the RSI is mixed with a bullish bias.
Crude Oil (Oct 13) intraday: the downside prevails
Pivot: 106.40
Our preference: SHORT positions below 106.4 with 104.3 & 103.1 in sight.
Alternative scenario: The upside breakout of 106.4 will open the way to 107.5 & 107.9.
Comment: technically, the RSI is below its neutrality area at 50.
Trend: ST Consolidation; MT Bullish
Our preference: SHORT positions below 106.4 with 104.3 & 103.1 in sight.
Alternative scenario: The upside breakout of 106.4 will open the way to 107.5 & 107.9.
Comment: technically, the RSI is below its neutrality area at 50.
Trend: ST Consolidation; MT Bullish
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