Gold (spot) intraday: Bullish above 874
Pivot: 874.00
Our preference: LONG at 876 with targets at 890 and 897.
Alternative scenario: A penetration of 874 would call for 865.
Comment: The false breakout of a rising trend line on the 60-min RSI and the strong trend reversal Friday evening are calling for a further rise.
Trend: ST Ltd upside; MT Consolidation
Key levels Comment
907**
897**
890**
884 Last
874**
865**
847.5**
Crude Oil (NYMEX) Crude Oil (Jun 08) intraday: The upside prevails Pivot: 124.00
Our preference: LONG at 124.2 with targets at 126.2 and 127.
Alternative scenario: A penetration of 124 would call for 122.8.
Comment: A retest of the lower end of an upward-sloping channel cannot be ruled out but the upside trend should prevail.
Trend: ST Ltd upside; MT Bullish
Key levels Comment
128.3** Fib projection
127** Fib projection
126.2** Fib projection
125.5 Last
124** Intraday pivot point
122.8** Horizontal support
121** Horizontal support
Currency
Rate
Strategy
Position
Objective
Stop Loss
EUR / USD
1.5421
Exit long n Buy at 1.5395
Long at 1.5445
1.5470
1.5345
1.9488
Exit long
Long at 1.9470
--
USD / CHF
1.0455
Exit short n Sell at 1.0480
Short at 1.0450
1.0530
USD / JPY
102.75
104.05
Spot Gold
885.00
Long at 885.00
Long at 885.00
881.00
Spot Silver
16.80
Long at 16.80
Long at 16.80
16.65
