Silver Spot Intraday: Key resistance at 14.3600
|Gold spot ($)
Key resistance at 1219.00.
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Pivot (invalidation): 1219.00
Our preference
Short positions below 1219.00 with targets at 1214.50 & 1212.00 in extension.
Alternative scenario
Above 1219.00 look for further upside with 1223.50 & 1226.50 as targets.
Comment
As Long as the resistance at 1219.00 is not surpassed, the risk of the break below 1214.50 remains high.
Silver spot ($)
Key resistance at 14.3600.
Pivot (invalidation): 14.3600
Our preference
Short positions below 14.3600 with targets at 14.2600 & 14.2100 in extension.
Alternative scenario
Above 14.3600 look for further upside with 14.4700 & 14.5300 as targets.
Comment
As Long as 14.3600 is resistance, expect a return to 14.2600.
Crude Oil (WTI)
Key resistance at 65.50.
Pivot (invalidation): 65.50
Our preference
Short positions below 65.50 with targets at 64.80 & 64.30 in extension.
Alternative scenario
Above 65.50 look for further upside with 65.80 & 66.30 as targets.
Comment
The RSI advocates for further downside.
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