Crude Oil (WTI) Intraday: bullish bias above 58.20
|Gold spot ($)
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Pivot (invalidation): 1555.50
Our preference
Short positions below 1555.50 with targets at 1548.00 & 1544.00 in extension.
Alternative scenario
Above 1555.50 look for further upside with 1560.00 & 1563.00 as targets.
Comment
As Long as 1555.50 is resistance, expect a return to 1548.00.
Silver spot ($)
Key resistance at 18.0400.
Pivot (invalidation): 18.0400
Our preference
Short positions below 18.0400 with targets at 17.8500 & 17.7600 in extension.
Alternative scenario
Above 18.0400 look for further upside with 18.1200 & 18.2100 as targets.
Comment
As Long as 18.0400 is resistance, look for choppy price action with a bearish bias.
Crude Oil (WTI)
Bullish bias above 58.20.
Pivot (invalidation): 58.20
Our preference
Long positions above 58.20 with targets at 58.85 & 59.20 in extension.
Alternative scenario
Below 58.20 look for further downside with 57.85 & 57.55 as targets.
Comment
The RSI is mixed with a bullish bias.
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