Silver Spot ($) Intraday: 17.3200 expected
|Gold Spot ($)
Expect 1485.00.
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Pivot (invalidation): 1476.00
Our preference
Long positions above 1476.00 with targets at 1481.50 & 1485.00 in extension.
Alternative scenario
Below 1476.00 look for further downside with 1473.50 & 1470.00 as targets.
Comment
The RSI calls for a new upleg.
Silver Spot ($)
17.3200 expected.
Pivot (invalidation): 17.0700
Our preference
Long positions above 17.0700 with targets at 17.2300 & 17.3200 in extension.
Alternative scenario
Below 17.0700 look for further downside with 16.9600 & 16.8900 as targets.
Comment
The RSI is bullish and calls for further upside.
Crude Oil (WTI)
Rebound in sight.
Pivot (invalidation): 56.00
Our preference
Long positions above 56.00 with targets at 56.80 & 57.40 in extension.
Alternative scenario
Below 56.00 look for further downside with 55.35 & 55.00 as targets.
Comment
The RSI calls for a rebound.
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