Crude Oil (WTI) Intraday: key resistance at 54.60
|Gold spot ($)
The bias remains bullish.
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Pivot (invalidation): 1505.50
Our preference Long positions above 1505.50 with targets at 1514.50 & 1518.00 in extension.
Alternative scenario Below 1505.50 look for further downside with 1499.50 & 1493.50 as targets.
Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Silver spot ($)
The bias remains bullish.
Pivot (invalidation): 17.9400
Our preference Long positions above 17.9400 with targets at 18.1700 & 18.2700 in extension.
Alternative scenario Below 17.9400 look for further downside with 17.8400 & 17.7600 as targets.
Comment The RSI is mixed to bullish.
Crude Oil (WTI)
Key resistance at 54.60.
Pivot (invalidation): 54.60
Our preference Short positions below 54.60 with targets at 53.90 & 53.70 in extension.
Alternative scenario Above 54.60 look for further upside with 55.00 & 55.55 as targets.
Comment As Long as the resistance at 54.60 is not surpassed, the risk of the break below 53.90 remains high.
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