Silver spot intraday: Caution
|Gold spot: Key resistance at 1961.00
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Pivot (invalidation): 1961.00
Our preference
Short positions below 1961.00 with targets at 1948.00 & 1937.00 in extension.
Alternative scenario
Above 1961.00 look for further upside with 1972.00 & 1983.00 as targets.
Comment
The RSI is mixed and calls for caution.
Silver spot: Caution
Pivot (invalidation): 27.3200
Our preference
Short positions below 27.3200 with targets at 27.0000 & 26.7300 in extension.
Alternative scenario
Above 27.3200 look for further upside with 27.6200 & 27.9200 as targets.
Comment
The RSI is mixed and calls for caution.
Crude Oil (WTI): Further upside
Pivot (invalidation): 38.35
Our preference
Long positions above 38.35 with targets at 39.00 & 39.40 in extension.
Alternative scenario
Below 38.35 look for further downside with 38.00 & 37.70 as targets.
Comment
The RSI is bullish and calls for further advance.
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