Silver spot Intraday: capped by a negative trend line
|Gold spot ($)
Bullish bias above 1515.00
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Pivot (invalidation): 1515.00
Our preference
Long positions above 1515.00 with targets at 1528.00 & 1535.00 in extension.
Alternative scenario
Below 1515.00 look for further downside with 1508.00 & 1502.00 as targets.
Comment
The RSI is mixed to bullish.
Silver spot ($)
Capped by a negative trend line
Pivot (invalidation): 17.3900
Our preference
Short positions below 17.3900 with targets at 17.0800 & 17.0000 in extension.
Alternative scenario
Above 17.3900 look for further upside with 17.5000 & 17.6400 as targets.
Comment
The RSI calls for a drop.
Crude Oil (WTI)
Turning up
Pivot (invalidation): 54.05
Our preference
Long positions above 54.05 with targets at 55.90 & 56.45 in extension.
Alternative scenario
Below 54.05 look for further downside with 53.55 & 52.95 as targets.
Comment
The RSI calls for a rebound.
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