Gold Spot ($) Intraday: choppy
|Gold Spot ($)
Choppy.
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Pivot (invalidation): 1478.00
Our preference
Short positions below 1478.00 with targets at 1471.00 & 1468.00 in extension.
Alternative scenario
Above 1478.00 look for further upside with 1484.00 & 1488.00 as targets.
Comment
As Long as 1478.00 is resistance, expect a return to 1471.00.
Silver Spot ($)
Bullish bias above 16.9600.
Pivot (invalidation): 16.9600
Our preference
Short positions below 16.9600 with targets at 16.7800 & 16.6700 in extension.
Alternative scenario
Above 16.9600 look for further upside with 17.0800 & 17.1800 as targets.
Comment
The RSI has just struck against its neutrality area at 50% and is reversing down.
Crude Oil (WTI)
Towards 59.30.
Pivot (invalidation): 57.85
Our preference
Long positions above 57.85 with targets at 58.65 & 59.30 in extension.
Alternative scenario
Below 57.85 look for further downside with 57.50 & 57.20 as targets.
Comment
The RSI has just landed on its neutrality area at 50% and is turning up.
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