Silver spot intraday: Expect 17.6300
|Gold spot ($): Bullish bias above 1708.00
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Pivot (invalidation): 1708.00
Our preference
Long positions above 1708.00 with targets at 1728.00 & 1735.00 in extension.
Alternative scenario
Below 1708.00 look for further downside with 1700.00 & 1694.00 as targets.
Comment
The RSI calls for a rebound.
Silver spot ($): Expect 17.6300
Pivot (invalidation): 17.2100
Our preference
Long positions above 17.2100 with targets at 17.5200 & 17.6300 in extension.
Alternative scenario
Below 17.2100 look for further downside with 17.1000 & 17.0000 as targets.
Comment
The RSI is mixed to bullish.
Crude Oil (WTI): Consolidation in place
Pivot (invalidation): 33.75
Our preference
Short positions below 33.75 with targets at 32.85 & 32.25 in extension.
Alternative scenario
Above 33.75 look for further upside with 34.20 & 34.80 as targets.
Comment
The RSI is bearish and calls for further downside.
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