Silver spot Intraday: Turning down
|Gold spot ($)
Turning down.
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Pivot (invalidation): 1239.50
Our preference
Short positions below 1239.50 with targets at 1232.00 & 1228.00 in extension.
Alternative scenario
Above 1239.50 look for further upside with 1242.00 & 1244.50 as targets.
Comment
The RSI shows downside momentum.
Silver spot ($)
Turning down.
Pivot (invalidation): 14.5400
Our preference
Short positions below 14.5400 with targets at 14.3400 & 14.2700 in extension.
Alternative scenario
Above 14.5400 look for further upside with 14.6500 & 14.7200 as targets.
Comment
The RSI is bearish and calls for further downside.
Crude Oil (WTI)
The downside prevails.
Pivot (invalidation): 53.35
Our preference
Short positions below 53.35 with targets at 51.60 & 50.75 in extension.
Alternative scenario
Above 53.35 look for further upside with 54.55 & 55.50 as targets.
Comment
The RSI advocates for further downside.
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