Crude Oil (WTI) Intraday: Under pressure
|Gold spot ($)
Under pressure.
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Pivot (invalidation): 1226.00
Our preference
Short positions below 1226.00 with targets at 1217.50 & 1213.50 in extension.
Alternative scenario
Above 1226.00 look for further upside with 1229.00 & 1234.00 as targets.
Comment
The RSI advocates for further decline.
Silver spot ($)
Under pressure.
Pivot (invalidation): 14.4200
Our preference
Short positions below 14.4200 with targets at 14.2000 & 14.0800 in extension.
Alternative scenario
Above 14.4200 look for further upside with 14.4900 & 14.5700 as targets.
Comment
The RSI advocates for further decline.
Crude Oil (WTI)
Under pressure.
Pivot (invalidation): 55.00
Our preference
Short positions below 55.00 with targets at 52.85 & 52.10 in extension.
Alternative scenario
Above 55.00 look for further upside with 55.45 & 56.10 as targets.
Comment
The RSI is capped by a bearish trend line.
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