Silver spot ($) Intraday: Break of a ST rising trendline support
|Gold spot ($)
Caution.
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Pivot (invalidation): 1300.00
Our preference
Long positions above 1300.00 with targets at 1306.00 & 1308.50 in extension.
Alternative scenario
Below 1300.00 look for further downside with 1296.00 & 1291.00 as targets.
Comment
The RSI is mixed and calls for caution.
Silver spot ($)
Break of a ST rising trendline support.
Pivot (invalidation): 15.2500
Our preference
Short positions below 15.2500 with targets at 15.0400 & 14.9800 in extension.
Alternative scenario
Above 15.2500 look for further upside with 15.3400 & 15.4600 as targets.
Comment
The RSI shows downside momentum.
Crude Oil (WTI)
Consolidation.
Pivot (invalidation): 64.45
Our preference
Short positions below 64.45 with targets at 63.70 & 63.50 in extension.
Alternative scenario
Above 64.45 look for further upside with 64.75 & 65.20 as targets.
Comment
As Long as 64.45 is resistance, expect a return to 63.70.
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