Silver spot Intraday: consolidation in place
|Gold spot ($)
Expect 1510.00.
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Pivot (invalidation): 1523.00
Our preference
Short positions below 1523.00 with targets at 1516.00 & 1510.00 in extension.
Alternative scenario
Above 1523.00 look for further upside with 1525.50 & 1528.00 as targets.
Comment
A break below 1516.00 would trigger a drop towards 1510.00.
Silver spot ($)
Consolidation in place.
Pivot (invalidation): 17.9900
Our preference
Short positions below 17.9900 with targets at 17.7200 & 17.6500 in extension.
Alternative scenario
Above 17.9900 look for further upside with 18.1400 & 18.2500 as targets.
Comment
The RSI is mixed to bearish.
Crude Oil (WTI)
Look for 60.80.
Pivot (invalidation): 61.60
Our preference
Short positions below 61.60 with targets at 61.00 & 60.80 in extension.
Alternative scenario
Above 61.60 look for further upside with 61.85 & 62.05 as targets.
Comment
As Long as the resistance at 61.60 is not surpassed, the risk of the break below 61.00 remains high.
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