Crude Oil (WTI) Intraday: rebound expected
|Gold spot ($)
Consolidation in place.
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Pivot (invalidation): 1464.00
Our preference
Short positions below 1464.00 with targets at 1457.00 & 1453.00 in extension.
Alternative scenario
Above 1464.00 look for further upside with 1466.50 & 1470.00 as targets.
Comment
The RSI is bearish and calls for further downside.
Silver spot ($)
Choppy.
Pivot (invalidation): 16.9900
Our preference
Short positions below 16.9900 with targets at 16.8700 & 16.8300 in extension.
Alternative scenario
Above 16.9900 look for further upside with 17.0400 & 17.1100 as targets.
Comment
As Long as 16.9900 is resistance, look for choppy price action with a bearish bias.
Crude Oil (WTI)
Rebound expected.
Pivot (invalidation): 55.45
Our preference
Long positions above 55.45 with targets at 56.60 & 57.10 in extension.
Alternative scenario
Below 55.45 look for further downside with 55.00 & 54.55 as targets.
Comment
The RSI calls for a rebound.
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