Silver Spot ($) Intraday: Caution
|Gold spot ($)
Turning up.
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Pivot (invalidation): 1276.00
Our preference
Long positions above 1276.00 with targets at 1285.00 & 1287.00 in extension.
Alternative scenario
Below 1276.00 look for further downside with 1272.50 & 1269.00 as targets.
Comment
The RSI calls for a rebound.
Silver spot ($)
Caution.
Pivot (invalidation): 14.4000
Our preference
Short positions below 14.4000 with targets at 14.3100 & 14.2800 in extension.
Alternative scenario
Above 14.4000 look for further upside with 14.4600 & 14.5200 as targets.
Comment
The RSI is mixed and calls for caution.
Crude Oil (WTI)
Turning down.
Pivot (invalidation): 59.10
Our preference
Short positions below 59.10 with targets at 58.20 & 57.85 in extension.
Alternative scenario
Above 59.10 look for further upside with 59.55 & 59.90 as targets.
Comment
The RSI is bearish and calls for further downside.
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