Crude Oil (WTI) Intraday: turning down
|Gold spot ($)
Further advance.
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Pivot (invalidation): 1582.00
Our preference
Long positions above 1582.00 with targets at 1590.00 & 1594.00 in extension.
Alternative scenario
Below 1582.00 look for further downside with 1578.50 & 1573.50 as targets.
Comment
The RSI is bullish and calls for further advance.
Silver spot ($)
Further upside.
Pivot (invalidation): 17.7600
Our preference
Long positions above 17.7600 with targets at 18.0000 & 18.1200 in extension.
Alternative scenario
Below 17.7600 look for further downside with 17.6700 & 17.5900 as targets.
Comment
The RSI is bullish and calls for further advance.
Crude Oil (WTI)
Turning down.
Pivot (invalidation): 52.20
Our preference
Short positions below 52.20 with targets at 51.35 & 50.90 in extension.
Alternative scenario
Above 52.20 look for further upside with 52.40 & 52.75 as targets.
Comment
The RSI advocates for further decline.
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