Crude Oil (WTI) Intraday: Aim @ 60.05
|Gold spot ($)
Supported by a rising trend line.
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Pivot (invalidation): 1316.00
Our preference
Long positions above 1316.00 with targets at 1327.50 & 1333.00 in extension.
Alternative scenario
Below 1316.00 look for further downside with 1310.00 & 1307.00 as targets.
Comment
The RSI is bullish and calls for further upside.
Silver spot ($)
Bullish bias above 15.4600.
Pivot (invalidation): 15.4600
Our preference
Long positions above 15.4600 with targets at 15.6300 & 15.7000 in extension.
Alternative scenario
Below 15.4600 look for further downside with 15.4100 & 15.3400 as targets.
Comment
The RSI lacks downward momentum.
Crude Oil (WTI)
Aim @ 60.05.
Pivot (invalidation): 58.75
Our preference
Long positions above 58.75 with targets at 59.60 & 60.05 in extension.
Alternative scenario
Below 58.75 look for further downside with 58.20 & 57.75 as targets.
Comment
The RSI is mixed to bullish.
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