Crude Oil‏ (Dec 12) MT: the downside prevails.

Pivot: 91.50

Our preference: Bearish below 91.5 with targets @ 81 & 77.3 in extension.

Alternative Scenario: Above 91.5 eye a bounce towards 94.15 and 100.6 in extension.

Comment: the 20-day SMA is below the 50-day SMA, and both are declining,signalling a down turn.

GOLD‏ (Spot) intraday: rebound expected.

Pivot: 1708.00

Our preference: LONG  positions @ 1709 with 1730 & 1735 as next targets.

Alternative scenario: The downside penetration of 1708 will call for a slide towards 1698 & 1687.

Comment: the RSI broke above a declining trend line.

Aluminium‏ (LME) intraday: the downside prevails.

Pivot: 1925.0

Our preference: SHORT positions below 1925 with 1887 & 1864 as next targets.

Alternative scenario: The upside penetration of 1925 will call for a rebound towards 1955 & 1975.

Comment: the RSI is mixed and calls for caution.

Zinc‏ (LME) intraday: bullish bias above 1840

Pivot: 1840.0

Our preference: LONG positions above 1840 with 1874 & 1890 as next targets.

Alternative scenario: The downside penetration of 1840 will call for 1830 &1816.

Comment: the RSI is mixed with a bullish bias.

Lead‏ (LME) intraday: the bias remains bullish.

Pivot: 2033.0

Our preference: LONG positions above 2033 with 2085 & 2100 as next targets.

Alternative scenario: The downside breakout of 2033 will open the way to 2006 & 1980.

Comment: the RSI is bullish and calls for further advance.

Nickel‏ (LME) intraday: the downside prevails.

Pivot: 16250.
Our preference: SHORT positions below 16250 with targets @ 15760 & 15450.
Alternative scenario: The upside breakout of 16250 will open the way to 16550 & 16800.
Comment: the RSI is mixed and calls for caution.

Crude Oil‏ (Dec 12) intraday: the downside prevails.

Pivot: 86.75

Our preference: SHORT positions below 86.75 with 85 & 84.4 as next targets.

Alternative scenario: The upside penetration of 86.75 will call for a rebound towards 87.5 & 88.25.

Comment: the RSI is mixed and calls for caution.

Natural Gas‏ (Dec 12 - NYMEX) ST: above its upper Bollinger band

Our pivot point stands at 3.45.

Our preference: as long as 3.45 is support look for 4.23.

Alternative scenario: the downside breakout of 3.45 would call for 3.17 and 2.99.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace in the short term. The price is trading above both its 20 and 50 day MA (respectively at 3.5 and 3.15 ). Finally, the Natural gas (Dec 12 - NYMEX) has crossed above its upper Boillinger band (3.7).

Zinc‏ (LME) intraday: key ST resistance at 1847

Pivot: 1847.0

Our preference: SHORT  positions below 1847 with targets @ 1816 & 1805.

Alternative scenario: The upside penetration of 1847 will call for a rebound towards 1874 & 1890.

Comment: the RSI is mixed and calls for caution.

Copper‏ (Dec 12) intraday: the downside prevails.

Pivot: 3.54

Our preference: SHORT positions below 3.54 with targets @ 3.48 & 3.445.

Alternative scenario: The upside penetration of 3.54 will call for a rebound towards 3.565 & 3.59.

Comment: capped by a negative trend line.

Copper‏ (Dec 12) intraday: the downside prevails.

Pivot: 3.54

Our preference: SHORT positions below 3.54 with targets @ 3.48 & 3.445.

Alternative scenario: The upside penetration of 3.54 will call for a rebound towards 3.565 & 3.59.

Comment: capped by a negative trend line.

SILVER‏ (Spot) intraday: aim @ 31.55

Pivot: 32.25

Our preference: SHORT  positions below 32.25 with 31.55 & 31.25 in sight.

Alternative scenario: The upside penetration of 32.25 will call for 32.5 & 32.85.

Comment: the RSI is mixed with a bearish bias.

GOLD‏ (Spot) intraday: the downside prevails.

Pivot: 1718.00

Our preference: SHORT positions below 1718 with targets @ 1706 & 1698.

Alternative scenario: The upside penetration of 1718 will call for a rebound towards 1730 & 1735.

Comment: as long as 1718 is resistance, look for choppy price action with a bearish bias.

Crude Oil‏ (Dec 12) intraday: the downside prevails.

Pivot: 86.75

Our preference: SHORT  positions below 86.75 with targets @ 84.4 & 83.15.

Alternative scenario: The upside penetration of 86.75 will call for a rebound towards 87.5 7 88.25.

Comment: as long as 86.75 is resistance, look for choppy price action with a bearish bias.

GOLD‏ (Spot) intraday: the downside prevails.

Pivot: 1718.00

Our preference: SHORT positions below 1718 with targets @ 1704 & 1698.

Alternative scenario: The upside penetration of 1718 will call for 1730 & 1735.

Comment: as long as 1718 is resistance, look for choppy price action with a bearish bias.

Lead‏ (LME) intraday: under pressure.

Pivot: 2037.0

Our preference: SHORT  positions below 2037 with 1978 & 1962 in sight.

Alternative scenario: The upside penetration of 2037 will call for a rebound towards 2060 & 2085.

Comment: as long as 2037 is resistance, look for choppy price action with a bearish bias.

SILVER‏ (Spot) intraday: towards 31.55

Pivot: 32.25

Our preference: SHORT  positions below 32.25 with 31.55 & 31.25 as next targets.

Alternative scenario: The upside penetration of 32.25 will call for 32.5 & 32.85.

Comment: as long as 32.25 is resistance, expect a return to 31.55.

Copper‏ (Dec 12) intraday: the downside prevails.

Pivot: 3.54

Our preference: SHORT  positions below 3.54 with targets @ 3.48 & 3.445.

Alternative scenario: The upside penetration of 3.54 will call for 3.565 & 3.59.

Comment: capped by a negative trend line.

Crude Oil‏ (Dec 12) intraday: the downside prevails.

Pivot: 86.75

Our preference: SHORT positions below 86.75 with 84.4 & 83.15 in sight.

Alternative scenario: The upside penetration of 86.75 will call for a rebound towards 87.5 & 88.25.

Comment: as long as 86.75 is resistance, look for choppy price action with a bearish bias.

GOLD‏ (Spot) intraday: under pressure.

Pivot: 1718.00

Our preference: SHORT positions below 1718 with 1704 & 1698 in sight.

Alternative scenario: The upside penetration of 1718 will call for 1730 & 1735.

Comment: the RSI is mixed with a bearish bias.

Copper‏ (Dec 12) intraday: the downside prevails.

Pivot: 3.59

Our preference: SHORT  positions below 3.59 with 3.51 & 3.49 in sight.

Alternative scenario: The upside penetration of 3.59 will call for 3.61 & 3.65.

Comment: the RSI is mixed with a bearish bias.

SILVER‏ (Spot) intraday: watch 31.55

Pivot: 32.25

Our preference: SHORT  positions below 32.25 with 31.55 & 31.25 as next targets.

Alternative scenario: The upside penetration of 32.25 will call for a rebound towards 32.5 & 32.85.

Comment: as long as 32.25 is resistance, look for choppy price action with a bearish bias.

Crude Oil‏ (Dec 12) intraday: the downside prevails

Pivot: 87.50

Our preference: SHORT positions below 87.5 with 84.4 & 83.15 as next targets.

Alternative scenario: The upside penetration of 87.5 will call for 88.25 & 89.9.

Comment: as long as 87.5 is resistance, expect a return to 84.4.

GOLD‏ (Spot) intraday: the downside prevails.

Pivot: 1718.00
Our preference: SHORT positions below 1718 with targets 2 1698 & 1687.
Alternative scenario: the upside penetration of 1718 will call for 1730 & 1735.
Comment: as long as 1718 is resistance, expect a return to 1698.

GOLD‏ (Spot) intraday: 1698 expected

Pivot: 1718.00

Our Preference: SHORT positions below 1718 with 1698 & 1687 as next targets.

Alternative scenario: The upside penetration of 1718 will call for a rebound towards 1730 & 1735.

Comment: the RSI is bearish and calls for further downside.

Trend: ST Consolidation; MT Ltd upside

Natural Gas‏ (Nov 12 - NYMEX) ST: as long as 3.23 is support look for 3.92

3.23 is our pivot point.

Our preference: as long as 3.23 is support look for 3.92.

Alternative scenario: below 3.23, expect 2.96 and 2.8.

Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace in the short term. The price is trading under its 20 day MA (3.45) but above its 50 day MA (3.06).

Copper‏ (Dec 12) intraday: the downside prevails.

Pivot: 3.66

Our Preference: SHORT positions below 3.66 with 3.605 & 3.555 as next targets.

Alternative scenario: The upside breakout of 3.66 will open the way to 3.685 & 3.73.

Comment: as long as the resistance at 3.66 is not surpassed, the risk of the break below 3.605 remains high.

Trend: ST Ltd upside; MT Bullish

Crude Oil‏ (Dec 12) intraday: under pressure.

Pivot: 89.90

Our Preference: SHORT positions below 89.9 with 88 & 86.6 in sight.

Alternative scenario: The upside penetration of 89.9 will call for a rebound towards 91.25 & 92.25.

Comment: as long as 89.9 is resistance, likely decline to 88.

Trend: ST Consolidation; MT Range

SILVER‏ (Spot) intraday: towards 33.1

Pivot: 31.65

Our Preference: LONG positions above 31.65 with 32.55 & 33.1 in sight.

Alternative scenario: The downside breakout of 31.65 will open the way to 31.25 & 30.85.

Comment: the RSI is mixed with a bullish bias.

Trend: ST Ltd upside; MT Bullish

GOLD‏ (Spot) intraday: bounce.

Pivot: 1713.00

Our Preference: LONG positions above 1713 with 1731 & 1747 as next targets.

Alternative scenario: The downside penetration of 1713 will call for a slide towards 1707 & 1688.

Comment: the RSI is mixed with a bullish bias.

Trend: ST Consolidation; MT Ltd upside

Intraday Analysis for EU-Session

Dear Trader!
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Please click this link for Today's Intraday Analysis on Gold, Silver, Crude Oil & Copper only.
https://docs.google.com/document/pub?id=13kMKTMex7BD57L7tJL12EqOodOUxwUTaF7I9td7py2Q

Crude Oil‏ (Nov 12) intraday: 92.85 expected

Pivot: 90.70

Our preference: LONG positions above 90.7 with 92.85 & 93.3 as next targets.

Alternative scenario: The downside penetration of 90.7 will call for a slide towards 90.3 & 89.8.

Comment: the RSI is mixed with a bullish bias.

GOLD‏ (Spot) intraday: the downside prevails.

 Pivot: 1747.00

Our preference: SHORT positions below 1747 with 1729 & 1718 as next targets.

Alternative scenario: The upside penetration of 1747 will call for 1753 & 1757.

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

Zinc‏ (LME) intraday: the downside prevails.

Pivot: 1925.0

Our preference: SHORT positions below 1925 with targets @ 1898 & 1890.
Alternative scenario: The upside penetration of 1925 will call for a rebound towards 1938 & 1950.
Comment: as long as 1925 is resistance, likely decline to 1898.

Lead‏ (LME) intraday: up turn.

Pivot: 2130.0

Our preference: LONG positions above 2130 with targets @ 2174 & 2190.

Alternative scenario: The downside penetration of 2130 will call for a slide towards 2100 & 2070.

Comment: intraday support around 2130

Nickel‏ (LME) intraday: further upside.

Pivot: 17030.

Our preference: LONG positions above 17030 with targets @ 17040 & 17570.

Alternative scenario: The downside penetration of 17030 will call for a slide towards 16820 & 16530.

Comment: the RSI is mixed and calls for caution.

Copper‏ (Dec 12) intraday: the downside prevails.

Pivot: 3.73

Our preference: SHORT positions below 3.73 with 3.69 & 3.66 as next targets.

Alternative scenario: The upside breakout of 3.73 will open the way to 3.76 & 3.7775.

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

Natural Gas‏ (Nov 12 - NYMEX) ST: as long as 3.36 is support look for 4.09

Our pivot point stands at 3.36

Our preference: as long as 3.36 is support look for 4.09.

Alternative scenario: the downside breakout of 3.36 would call for 3.07 and 2.91.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace in the short term. The price is trading above both its 20 and 50 day MA (respectively at 3.39 and 3.03).

SILVER‏ (Spot) intraday: watch 32.51

Pivot: 33.10

Our preference: SHORT positions below 33.1 with targets @ 32.51 & 32.3.

Alternative scenario: The upside breakout of 33.1 will open the way to 33.3

Comment: the RSI is bearish and calls for further decline.

Crude Oil‏ (Nov 12) intraday: watch 92.85

Pivot: 90.70

Our preference: LONG positions above 90.7 with 92.85 & 93.3 in sight.

Alternative scenario: The downside penetration of 90.7 will call for a slide towards 90.3 7 89.8.

Comment: the RSI is mixed with a bullish bias.

GOLD‏ (Spot) intraday: under pressure.

Pivot: 1747.00

Our preference: SHORT positions below 1747 with 1729 & 1718 as next targets.

Alternative scenario: The upside breakout of 1747 will open the way to 1753 & 1757.

Comment: the RSI is below its neutrality area at 50%

Crude Oil‏ (Nov 12) intraday: key ST resistance at 92.85

Pivot: 92.85

Our preference: SHORT  positions below 92.85 with 91.55 & 90.8 as next targets.

Alternative scenario: The upside breakout of 92.85 will open the way to 93.3 & 93.7.

Comment: as long as 92.85 is resistance, likely decline to 91.55.

GOLD‏ (Spot) intraday: the downside prevails.

Pivot: 1753,00.

Our preference: SHORT positions below 1753 with 1742.5 & 1738 as next targets.

Alternative scenario: The upside breakout of 1753 will open the way to 1757 & 1766.

Comment: as long as 1753 is resistance, look for choppy price action with a bearish bias.

Copper‏ (Dec 12) intraday: rebound in sight.

Pivot: 3.73

Our preference: LONG positions above 3.725 with targets @ 3.775 & 3.805.

Alternative scenario: The downside breakout of 3.725 will open the way to 3.69 & 3.66.

Comment: the break above 3.725 is a positive signal that has opened a path to 3.775.

Nickel‏ (LME) intraday: bounce.

Pivot: 17030.

Our preference: LONG  positions above 17030 with 17340 & 17570 as next targets.

Alternative scenario: The downside penetration of 17030 will call for 16820 & 16530.

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

Lead‏ (LME) intraday: rebound in sight.

Pivot: 2130.0

Our preference: LONG positions above 2130 with 2190 & 2216 in sight.

Alternative scenario: The downside penetration of 2130 will call for 2100 7 2070.

Comment: the RSI is supported by a rising trend line.

SILVER‏ (Spot) intraday: turning down.

Pivot: 33.35

Our preference: SHORT positions @ 33.3 with 32.9 & 32.51 in sight.

Alternative scenario: The upside breakout of 33.35 will open the way to 33.7 7 33.9

Comment: as long as the resistance at 33.35 is not surpassed, the risk of the break below 32.9 remains high.

Natural Gas‏ (Nov 12 - NYMEX) ST: as long as 3.25 is support look for 3.99

Our pivot point is at 3.25.

Our preference: as long as 3.25 is support look for 3.99.

Alternative scenario: below 3.25, expect 2.97 and 2.81.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace in the short term. the price is above its 20 and 50 day MA (respectively at 3.35 and 3.02).

Crude Oil‏ (Nov 12) intraday: key ST resistance at 92.85

Pivot: 92.85
Our preference: SHORT positions below 92.85 with targets @ 91.55 & 90.8.
Alternative scenario: the upside penetration of 92.85 will call for a rebound towards 93.3 & 93.7.
Comment: as long as 92.85 is resistance, likely decline to 91.55.

GOLD‏ (Spot) intraday: the downside prevails.

Pivot: 1753.00

Our preference: SHORT positions below 1753 with targets @ 1742.5 & 1738.

Alternative scenario: The upside penetration of 1753 will call for 1757 & 1766.

Comment: as long as 1753 is resistance, look for choppy price action with a bearish bias.