Crude Oil
Our Preference: LONG positions above 92.5 with 95
& 96.35 in sight.
Alternative scenario: The downside breakout of 92.5
will open the way to 91.7 & 91.
Comment: the RSI is bullish and calls for further
upside.
Gold:
Our Preference: LONG positions above 1738 with
targets @ 1792 & 1813.
Alternative scenario: The downside breakout of 1738
will open the way to 1721 & 1706.
Comment: the immediate trend remains up and the
momentum is strong.
