Silver Spot ($) Intraday: Target 14.9500
|Gold spot ($)
Bullish bias above 1280.00.
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Pivot (invalidation): 1280.00
Our preference
Long positions above 1280.00 with targets at 1288.50 & 1291.50 in extension.
Alternative scenario
Below 1280.00 look for further downside with 1276.50 & 1272.50 as targets.
Comment
The RSI lacks downward momentum.
Silver spot ($)
Target 14.9500.
Pivot (invalidation): 14.7000
Our preference
Long positions above 14.7000 with targets at 14.8600 & 14.9500 in extension.
Alternative scenario
Below 14.7000 look for further downside with 14.6200 & 14.5700 as targets.
Comment
The RSI calls for a rebound.
Crude Oil (WTI)
Look for 63.25.
Pivot (invalidation): 61.70
Our preference
Long positions above 61.70 with targets at 62.90 & 63.25 in extension.
Alternative scenario
Below 61.70 look for further downside with 61.35 & 60.90 as targets.
Comment
The RSI is bullish and calls for further advance.
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