Crude Oil‏ (Nov 12) intraday: the bias remains bullish.

Pivot: 91.40

Our preference: LONG positions above 91.4 with 92.9 & 93.7 in sight.

Alternative scenario: The downside breakout of 91.4 will open the way to 90.8 & 89.8.

Comment: the upward breakout of the descending channel is a bullish signal.

GOLD‏ (Spot) intraday: the bias remains bullish.

Pivot: 1738.00

Our preference: LONG positions above 1738 with 1757 7 1766 in sight.

Alternative scenario: the downside penetration of 1738 will call for 1729 7 1724.

Comment: the RSI is mixed and calls for caution.

Copper‏ (Dec 12) intraday: up turn.

Pivot: 3.69

Our preference: LONG positions above 3.69 with 3.75 & 3.775 as next targets.

Alternative scenario: The downside penetration of 3.69 will call for a slide towards 3.66 & 3.645.

Comment: the RSI is mixed with a bullish bias.

SILVER‏ (Spot) intraday: further advance.

Pivot: 32.51

Our preference: LONG positions above 32.51 with targets @ 33.35 & 33.7.

Alternative scenario: The downside penetration of 32.51 will call for a slide towards 32.3 & 31.9.

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

Crude Oil‏ (Nov 12) intraday: further advance.

Pivot: 91.40

Our preference: LONG positions above 91.4 with 92.9 & 93.7 as next targets.

Alternative scenario: The downside penetration of 91.4 will call for 90.8 & 89.8.

Comment: the upward breakout of the descending channel is a bullish signal.

GOLD‏ (Spot) intraday: rebound expected.

Pivot: 1738.00

Our preference: LONG positions above 1738 with 1757 & 1766 as next targets.

Alternative scenario: The downside penetration of 1738  will call for a slide towards 1729 7 1724.

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

Natural Gas‏ (Nov 12 - NYMEX) ST: as long as 3.2 is support look for 3.95

Our pivot point is at 3.2.

Our preference: as long as 3.2 is support look for 3.95.

Alternative scenario: below 3.2, expect 2.92 and 2.75.

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 3.31 and 3.01).