Silver spot ($) Intraday: Capped by a negative trend line
|Gold spot ($)
1274.00 expected.
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Pivot (invalidation): 1284.50
Our preference
Short positions below 1284.50 with targets at 1278.00 & 1274.00 in extension.
Alternative scenario
Above 1284.50 look for further upside with 1286.50 & 1288.50 as targets.
Comment
A break below 1278.00 would trigger a drop towards 1274.00.
Silver spot ($)
Capped by a negative trend line.
Pivot (invalidation): 14.9800
Our preference
Short positions below 14.9800 with targets at 14.8400 & 14.7900 in extension.
Alternative scenario
Above 14.9800 look for further upside with 15.0300 & 15.0800 as targets.
Comment
As Long as 14.9800 is resistance, look for choppy price action with a bearish bias.
Crude Oil (WTI)
The downside prevails.
Pivot (invalidation): 63.95
Our preference
Short positions below 63.95 with targets at 62.75 & 62.25 in extension.
Alternative scenario
Above 63.95 look for further upside with 64.35 & 64.70 as targets.
Comment
The RSI advocates for further decline.
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