Crude Oil (WTI) Intraday: Key resistance at 63.60
|Gold spot ($)
Further upside.
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Pivot (invalidation): 1282.50
Our preference
Long positions above 1282.50 with targets at 1290.00 & 1295.00 in extension.
Alternative scenario
Below 1282.50 look for further downside with 1279.00 & 1274.00 as targets.
Comment
The RSI is mixed to bullish.
Silver spot ($)
The bias remains bullish.
Pivot (invalidation): 15.0000
Our preference
Long positions above 15.0000 with targets at 15.1100 & 15.1800 in extension.
Alternative scenario
Below 15.0000 look for further downside with 14.9600 & 14.8900 as targets.
Comment
The RSI lacks downward momentum.
Crude Oil (WTI)
Key resistance at 63.60.
Pivot (invalidation): 63.60
Our preference
Short positions below 63.60 with targets at 62.30 & 61.95 in extension.
Alternative scenario
Above 63.60 look for further upside with 64.35 & 64.80 as targets.
Comment
As Long as the resistance at 63.60 is not surpassed, the risk of the break below 62.30 remains high.
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