Gold spot intraday: Expect 1897.00
|Gold spot ($): Expect 1897.00
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Pivot (invalidation): 1926.00
Our preference
Short positions below 1926.00 with targets at 1904.00 & 1897.00 in extension.
Alternative scenario
Above 1926.00 look for further upside with 1931.00 & 1939.00 as targets.
Comment
The RSI is bearish and calls for further decline.
Silver spot ($): Key resistance at 25.0700
Pivot (invalidation): 25.0700
Our preference
Short positions below 25.0700 with targets at 24.5600 & 24.3300 in extension.
Alternative scenario
Above 25.0700 look for further upside with 25.2800 & 25.4500 as targets.
Comment
As Long as the resistance at 25.0700 is not surpassed, the risk of the break below 24.5600 remains high.
Crude Oil (WTI): The downside prevails
Pivot (invalidation): 40.15
Our preference
Short positions below 40.15 with targets at 39.55 & 39.35 in extension.
Alternative scenario
Above 40.15 look for further upside with 40.45 & 40.80 as targets.
Comment
A break below 39.55 would trigger a drop towards 39.35.
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