Crude Oil (WTI) Levels: Further advance
|Gold spot ($)
The downside prevails.
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Pivot (invalidation): 1197.25
Our preference
Short positions below 1197.25 with targets at 1192.50 & 1190.00 in extension.
Alternative scenario
Above 1197.25 look for further upside with 1200.00 & 1202.00 as targets.
Comment
The RSI is bearish and calls for further downside.
Silver spot ($)
Turning down.
Pivot (invalidation): 14.1600
Our preference
Short positions below 14.1600 with targets at 14.0500 & 13.9900 in extension.
Alternative scenario
Above 14.1600 look for further upside with 14.2300 & 14.3000 as targets.
Comment
The RSI is bearish and calls for further decline.
Crude Oil (WTI)
Further advance.
Pivot (invalidation): 69.20
Our preference
Long positions above 69.20 with targets at 70.15 & 70.80 in extension.
Alternative scenario
Below 69.20 look for further downside with 68.50 & 67.90 as targets.
Comment
The RSI advocates for further advance.
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