Silver spot ($) Intraday: 14.3100 expected
|Gold spot ($)
Key resistance at 1279.00.
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Pivot (invalidation): 1279.00
Our preference
Short positions below 1279.00 with targets at 1273.50 & 1270.50 in extension.
Alternative scenario
Above 1279.00 look for further upside with 1282.00 & 1284.50 as targets.
Comment
A break below 1273.50 would trigger a drop towards 1270.50.
Silver spot ($)
14.3100 expected.
Pivot (invalidation): 14.5000
Our preference
Short positions below 14.5000 with targets at 14.3600 & 14.3100 in extension.
Alternative scenario
Above 14.5000 look for further upside with 14.5700 & 14.6100 as targets.
Comment
As Long as 14.5000 is resistance, expect a return to 14.3600.
Crude Oil (WTI)
64.30 expected.
Pivot (invalidation): 62.80
Our preference
Long positions above 62.80 with targets at 63.95 & 64.30 in extension.
Alternative scenario
Below 62.80 look for further downside with 62.45 & 62.15 as targets.
Comment
The RSI is bullish and calls for further upside.
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