Silver spot Intraday: Supported by a rising trend line
|Gold spot ($)
The bias remains bullish.
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Pivot (invalidation): 1324.00
Our preference
Long positions above 1324.00 with targets at 1334.00 & 1344.00 in extension.
Alternative scenario
Below 1324.00 look for further downside with 1320.00 & 1315.00 as targets.
Comment
The RSI is above its neutrality area at 50%.
Silver spot ($)
Supported by a rising trend line.
Pivot (invalidation): 14.7000
Our preference
Long positions above 14.7000 with targets at 14.9200 & 15.0000 in extension.
Alternative scenario
Below 14.7000 look for further downside with 14.6400 & 14.5600 as targets.
Comment
The RSI calls for a bounce.
Crude Oil (WTI)
Key resistance at 52.50.
Pivot (invalidation): 52.50
Our preference
Short positions below 52.50 with targets at 51.25 & 50.60 in extension.
Alternative scenario
Above 52.50 look for further upside with 53.00 & 53.40 as targets.
Comment
The RSI is below its neutrality area at 50%
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