Crude Oil (WTI) intraday: Caution
|Gold spot ($): Look for 1990.00
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Pivot (invalidation): 1954.00
Our preference
Long positions above 1954.00 with targets at 1981.00 & 1990.00 in extension.
Alternative scenario
Below 1954.00 look for further downside with 1946.00 & 1938.50 as targets.
Comment
The RSI calls for a new upleg.
Silver spot ($): Rebound
Pivot (invalidation): 23.2500
Our preference
Long positions above 23.2500 with targets at 23.7300 & 24.0800 in extension.
Alternative scenario
Below 23.2500 look for further downside with 22.8900 & 22.5700 as targets.
Comment
The RSI calls for a bounce.
Crude Oil (WTI): Caution
Pivot (invalidation): 39.90
Our preference
Long positions above 39.90 with targets at 40.45 & 40.70 in extension.
Alternative scenario
Below 39.90 look for further downside with 39.50 & 39.15 as targets.
Comment
The RSI is mixed and calls for caution.
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