Silver spot intraday: Under pressure
|Gold spot ($): Look for 1709.00
Pivot (invalidation): 1734.00
Our preference
Short positions below 1734.00 with targets at 1715.00 & 1709.00 in extension.
Alternative scenario
Above 1734.00 look for further upside with 1742.00 & 1752.00 as targets.
Comment
The RSI has just struck against its neutrality area at 50% and is reversing down.
Silver spot ($): Under pressure
Pivot (invalidation): 17.1300
Our preference
Short positions below 17.1300 with targets at 16.5000 & 16.3000 in extension.
Alternative scenario
Above 17.1300 look for further upside with 17.2900 & 17.4000 as targets.
Comment
The RSI is bearish and calls for further decline.
Crude Oil (WTI): Expect 31.30
Pivot (invalidation): 33.75
Our preference
Short positions below 33.75 with targets at 32.40 & 31.30 in extension.
Alternative scenario
Above 33.75 look for further upside with 34.20 & 34.70 as targets.
Comment
The RSI has broken down its 30 level.
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