Pivot: 1305.00
Our preference: SHORT positions @ 1303 with 1277 & 1273 as next targets.
Alternative scenario: The upside penetration of 1305 will call for 1310 & 1317.
Comment: as long as 1305 is resistance, expect a return to 1277.
Stokcs, Metals, Energy, Forex, Crypto
Wednesday, October 2, 2013
Crude Oil (Nov 13) intraday: rebound.
Pivot: 101.00
Our preference: LONG positions above 101 with targets @ 102.75 & 103.25.
Alternative scenario: The downside penetration of 101 will call for a slide towards 99.65 & 98.4.
Comment: a support base at 101 has formed and has allowed for a temporary stabilisation.
Our preference: LONG positions above 101 with targets @ 102.75 & 103.25.
Alternative scenario: The downside penetration of 101 will call for a slide towards 99.65 & 98.4.
Comment: a support base at 101 has formed and has allowed for a temporary stabilisation.
SILVER (Spot) intraday: the downside prevails.
Pivot: 21.45
Our preference: SHORT positions below 21.45 with targets @ 20.6 & 20.35.
Alternative scenario: The upside penetration of 21.45 will call for a rebound towards 21.95 & 22.25.
Comment: as long as the resistance at 21.45 is not surpassed, the risk of the break below 20.6 remains high.
Our preference: SHORT positions below 21.45 with targets @ 20.6 & 20.35.
Alternative scenario: The upside penetration of 21.45 will call for a rebound towards 21.95 & 22.25.
Comment: as long as the resistance at 21.45 is not surpassed, the risk of the break below 20.6 remains high.
Tuesday, October 1, 2013
Crude Oil (Nov 13) intraday: the bias remains bullish.
Pivot: 101.00
Our preference: LONG positions above 101 with 102.75 & 103.75 as next targets.
Alternative scenario: The downside penetration of 101 will call for 99.65 & 98.4.
Comment: a support base at 101 has formed and has allowed for a temporary stabilisation.
Our preference: LONG positions above 101 with 102.75 & 103.75 as next targets.
Alternative scenario: The downside penetration of 101 will call for 99.65 & 98.4.
Comment: a support base at 101 has formed and has allowed for a temporary stabilisation.
SILVER (Spot) intraday: rebound.
Pivot: 21.45
Our preference: LONG positions above 21.45 with 22.1 & 22.35 in sight.
Alternative scenario: The downside penetration of 21.45 will call for a slide towards 21.3 & 21.2.
Comment: intraday support around 21.45
Our preference: LONG positions above 21.45 with 22.1 & 22.35 in sight.
Alternative scenario: The downside penetration of 21.45 will call for a slide towards 21.3 & 21.2.
Comment: intraday support around 21.45
GOLD (Spot) intraday: rebound.
Pivot: 1320.00
Our preference: LONG positions above 1320 with 1352 & 1359 as next targets.
Alternative scenario: The downside penetration of 1320 will call for a slide towards 1306 & 1291.
Comment: the RSI has just broken above a bearish trend line.
Our preference: LONG positions above 1320 with 1352 & 1359 as next targets.
Alternative scenario: The downside penetration of 1320 will call for a slide towards 1306 & 1291.
Comment: the RSI has just broken above a bearish trend line.
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