GOLD‏ (Spot) intraday: under pressure.

Pivot: 1398.00

Our preference: SHORT positions below 1398 with 1385 & 1374 as next targets.

Alternative scenario: The upside breakout of 1398 will open the way to 1405 & 1411.

Comment: as long as the resistance at 1398 is not surpassed, the risk of the break below 1385 remains high.

Crude Oil‏ (Oct 13) intraday: rebound expected.

Pivot: 105.50

Our preference: LONG positions above 105.5 with 108.6 & 109.15 as next targets.

Alternative scenario: The downside penetration of 105.5 will call for a slide towards 104.3 & 103.55.

Comment: technically, the RSI is above its neutrality area at 50.

SILVER‏ (Spot) intraday: the bias remains bullish.

Pivot: 23.95

Our preference: LONG positions above 23.95 with 24.45 & 24.7 in sight.

Alternative scenario: The downside breakout of 23.95 will open the way to 23.55 & 23.1.

Comment: the RSI has just broken above a bearish trend line.

SILVER‏ (Spot) intraday: the bias remains bullish.

Pivot: 23.85

Our preference: LONG positions above 23.85 with 24.25 & 24.4 as next targets.

Alternative scenario: The downside penetration of 23.85 will call for a slide towards 23.55 & 23.1.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Crude Oil‏ (Oct 13) intraday: the downside prevails.

Pivot: 107.30

Our preference: SHORT positions below 107.3 with 105.6 & 104.3 as next targets.

Alternative scenario: The upside penetration of 107.3 will call for a rebound towards 108.6 & 110.

Comment: capped by a negative trend line.

GOLD‏ (Spot) intraday: the downside prevails.

Pivot: 1398.00

Our preference: SHORT positions below 1398 with 1385 & 1374 in sight.

Alternative scenario: The upside breakout of 1398 will open the way to 1405 & 1411.

Comment: the RSI is capped by a bearish trend line.

GOLD‏ (Spot) intraday: under pressure.

Pivot: 1398.00

Our preference: SHORT positions below 1398 with targets @ 1374 & 1368.

Alternative scenario: The upside breakout of 1398 will open the way to 1405 & 1411.

Comment: as long as 1398 is resistance, likely decline to 1374.