Crude Oil (WTI) Intraday: Under pressure
|Gold spot ($)
Further advance.
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Pivot (invalidation): 1470.00
Our preference
Long positions above 1470.00 with targets at 1475.50 & 1479.50 in extension.
Alternative scenario
Below 1470.00 look for further downside with 1467.00 & 1465.00 as targets.
Comment
The RSI advocates for further upside.
Silver spot ($)
Target 17.2700.
Pivot (invalidation): 17.0500
Our preference
Long positions above 17.0500 with targets at 17.1800 & 17.2700 in extension.
Alternative scenario
Below 17.0500 look for further downside with 17.0000 & 16.9500 as targets.
Comment
The RSI calls for a new upleg.
Crude Oil (WTI)
Under pressure.
Pivot (invalidation): 55.75
Our preference
Short positions below 55.75 with targets at 55.00 & 54.40 in extension.
Alternative scenario
Above 55.75 look for further upside with 56.10 & 56.45 as targets.
Comment
The RSI is bearish and calls for further decline.
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