Analysis

Silver spot Levels: Further advance

Gold spot ($)

Further upside.

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Pivot (invalidation): 1213.00
Our preference Long positions above 1213.00 with targets at 1219.50 & 1222.00 in extension.

Alternative scenario
Below 1213.00 look for further downside with 1210.50 & 1207.00 as targets.

Comment
The RSI advocates for further upside.

 

Silver spot ($)

Further advance.

Pivot (invalidation): 15.3400
Our preference Long positions above 15.3400 with targets at 15.5500 & 15.6100 in extension.

Alternative scenario
Below 15.3400 look for further downside with 15.2600 & 15.2100 as targets.

Comment
The RSI advocates for further upside.

 

Crude Oil (WTI)

Turning up.

Pivot (invalidation): 68.25
Our preference Long positions above 68.25 with targets at 69.23 & 69.90 in extension.

Alternative scenario
Below 68.25 look for further downside with 67.85 & 67.40 as targets.

Comment
The RSI shows upside momentum.

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