SILVER‏ (Spot) intraday: bullish bias above 22.25

Pivot: 22.25

Our preference: LONG positions above 22.25 with 23.6 & 24.2 as next targets.

Alternative scenario: The downside penetration of 22.25 will call for a slide towards 21.7 & 21.25.

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

Crude Oil‏ (Sep 13) MT: bullish bias above 97.5.

Pivot: 97.50

Our Preference: Bullish as long as 97.5 is support with targets at 109 and 114.7 in extension.

Alternative Scenario: Below 97.5 eye a drop towards 91.3 and 85.6 in extension.

Comment: the RSI is mixed and calls for caution. Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Silver MT: continuation of the rebound.

Pivot: 20.

Our Preference: As long as 20.2 is support, look for rise towards 24.8 & 26.

Alternative scenario: A downside breakout of 20.2 would open the way towards 18.2.

Comment: the 20-day and 50-day moving averages are turning up and are possible areas of support.

Gold MT: expect 1488.

Pivot: 1270.

Our Preference: As long as 1270 is support, look for rise towards 1415 & 1488.

Alternative scenario: A downside breakout of 1270 would open the way towards 1180.

Comment: The 20-MA crossed above the 50-MA and daily technical indicators are turning up.

SILVER‏ (Spot) intraday: the bias remains bullish.

Pivot: 22.25

Our preference: LONG positions above 22.25 with targets @ 23.6 & 24.2.

Alternative scenario: The downside penetration of 22.25 will call for a slide towards 21.7 & 21.25.

Comment: the RSI is mixed with a bullish bias.

GOLD‏ (Spot) intraday: the bias remains bullish.

 

Pivot: 1352.00

Our preference: LONG positions above 1352 with 1384 & 1394 as next targets.

Alternative scenario: The downside penetration of 1352 will call for a slide towards 1345 & 1328.

Comment: the RSI is mixed to bullish.

Crude Oil‏ (Oct 13) intraday: the downside prevails

 

Pivot: 106.40

Our preference: SHORT positions below 106.4 with 104.3 & 103.1 in sight.

Alternative scenario: The upside breakout of 106.4 will open the way to 107.5 & 107.9.

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

Trend: ST Consolidation; MT Bullish