GBP/JPY intraday: under pressure.

Pivot: 123

Our Preference: Short positions below 123 with targets @ 121.7 & 121.15 in extension.

Alternative Scenario: Above 123 look for further upside with 123.7 & 124 as targets.

comment: as long as 123 is resistance, look for choppy price action with bearish bias.

Sell Crude Oil (at 89.80)

Sell Crude Oil around $ 89.90 For $ 88-$86 SL above $ 91

Projected High Low

Commodity	Projected Low	Pivot Point	Projected High
Gold	1610.35-1607.89	1619.54	1628.73-1631.19
Silver	27.289-27.130	27.885	28.480-28.639
Crude Oil	88.73-88.38	90.06	91.40-91.75
Copper	3.3814-3.3692	3.4273	3.4732-3.4854

Tuesday 31st July, 2012.

USD/CAD intraday: capped by a negative trend line.

Pivot: 1.007
Most Probable Scenario: Short Positions below 1.007 with targets @ 1.002 & 0.9985 in extension
Alternative Scenario: Above 1.007 look for further upside with 1.044 & 1.0165 as targets.
Comment: technically, the RSI is below its neutrality area at 50.

Trade Calls

Gold	Buy Gold @ 1568	TGT: 1582-1590-1604	SL: Below 1563
Silver	TGT: Buy Silver @ 27.01	27.58-27.93-28.50	Below 26.79
Crude Oil	Buy Crude Oil @ 85.56	87.02-87.92-89.38	Below 85
Copper	Buy Copper @ 3.4261	3.4644-3.4881-3.5264	Below 3.4115

Trade Calls

Gold	Buy Gold @ 1568	TGT: 1582-1590-1604	SL: Below 1563
Silver	Buy Silver @ 27.01	TGT: 27.58-27.93-28.50	SL: Below 26.79
Crude Oil	Buy Crude Oil @ 85.56	TGT: 87.02-87.92-89.38	SL: Below 85
Copper	Buy Copper @ 3.4261	TGT: 3.4644-3.4881-3.5264	SL: Below 3.4115

Intraday Calls

Our Call at 11:35 AM to Our Clients.

Commodity	Most Probable Trade	Target	Stop Loss	Alternative Trade	Target	Stop Loss
Gold	Sell Gold @ 1573	1563-1556-1546	above 1577	Buy Gold @ 1576.68	1586.86-1593.03-1603	Below  1573
Silver	Sell Silver @ 27.05	26.54-26.22-25.71	above 27.26	Buy Silver @ 27.25	27.76-28.08-28.59	Below 27.05
Crude Oil	Buy Crude Oil @ 85.05	86.46-87.33-88.74	below: 84.51	Sell Crude Oil@ 84.51	83.10-82.23-80.82	above: 85.05
Copper	Buy Copper @ 3.4155	3.4508-3.4725-3.5078	below 3.4021	Sell Copper @ 3.4021	3.3668-3.3451-3.3098	Above 3.4155