Silver spot Intraday: towards 16.8200
|Gold spot ($)
Break of a ST rising trendline support.
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Pivot (invalidation): 1469.00
Our preference
Short positions below 1469.00 with targets at 1464.00 & 1461.00 in extension.
Alternative scenario
Above 1469.00 look for further upside with 1471.50 & 1474.00 as targets.
Comment
The RSI is bearish and calls for further decline.
Silver spot ($)
Towards 16.8200.
Pivot (invalidation): 17.0300
Our preference
Short positions below 17.0300 with targets at 16.8600 & 16.8200 in extension.
Alternative scenario
Above 17.0300 look for further upside with 17.0900 & 17.1400 as targets.
Comment
The RSI advocates for further decline.
Crude Oil (WTI)
Key resistance at 57.35.
Pivot (invalidation): 57.35
Our preference
Short positions below 57.35 with targets at 56.85 & 56.65 in extension.
Alternative scenario
Above 57.35 look for further upside with 57.55 & 57.75 as targets.
Comment
A break below 56.85 would trigger a drop towards 56.65.
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