Crude Oil (WTI) Intraday: Bullish bias above 53.40
|Gold spot ($)
Key resistance at 1499.50.
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Pivot (invalidation): 1499.50
Our preference
Short positions below 1499.50 with targets at 1490.00 & 1486.50 in extension.
Alternative scenario
Above 1499.50 look for further upside with 1504.00 & 1509.50 as targets.
Comment
As Long as the resistance at 1499.50 is not surpassed, the risk of the break below 1490.00 remains high.
Silver spot ($)
Key resistance at 17.6000.
Pivot (invalidation): 17.6000
Our preference
Short positions below 17.6000 with targets at 17.3700 & 17.3100 in extension.
Alternative scenario
Above 17.6000 look for further upside with 17.6900 & 17.8000 as targets.
Comment
The index currently faces a challenging resistance area at 17.6000.
Crude Oil (WTI)
Bullish bias above 53.40.
Pivot (invalidation): 53.40
Our preference
Long positions above 53.40 with targets at 54.10 & 54.45 in extension.
Alternative scenario
Below 53.40 look for further downside with 53.05 & 52.60 as targets.
Comment
The RSI is mixed to bullish.
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