Silver spot intraday: The bias remains bullish
|Gold spot: Further advance
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Pivot (invalidation): 1817.00
Our preference
Long positions above 1817.00 with targets at 1851.00 & 1861.00 in extension.
Alternative scenario
Below 1817.00 look for further downside with 1807.00 & 1793.00 as targets.
Comment
The RSI is bullish and calls for further advance.
Silver spot: The bias remains bullish
Pivot (invalidation): 23.5200
Our preference
Long positions above 23.5200 with targets at 24.3200 & 24.7200 in extension.
Alternative scenario
Below 23.5200 look for further downside with 23.1700 & 22.9000 as targets.
Comment
The immediate trend remains up but the momentum is weak.
Crude Oil (WTI): Turning up
Pivot (invalidation): 44.65
Our preference
Long positions above 44.65 with targets at 45.90 & 46.25 in extension.
Alternative scenario
Below 44.65 look for further downside with 44.15 & 43.90 as targets.
Comment
The RSI calls for a new upleg.
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