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Gold spot Intraday: limited upside.

Pivot: 1258.00

Most Likely Scenario: long positions above 1258.00 with targets @ 1285.00 & 1291.00 in extension.

Alternative scenario: below 1258.00 look for further downside with 1242.00 & 1232.00 as targets.

Comment: the RSI lacks downward momentum.

Gold Chart

Goldd254

Crude Oil (WTI) (J6) Intraday: limited upside.

Pivot: 37.20

Most Likely Scenario: long positions above 37.20 with targets @ 39.35 & 40.40 in extension.

Alternative scenario: below 37.20 look for further downside with 36.05 & 35.30 as targets.

Comment: the RSI is mixed with a bullish bias.

Oil Chart

oil2555

 

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