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Crude Oil Levels: Bullish bias above 66.50

Gold spot ($)

The bias remains bullish.

Gold

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Pivot (invalidation): 1210.50

Our preference
Long positions above 1210.50 with targets at 1214.00 & 1216.00 in extension.

Alternative scenario
Below 1210.50 look for further downside with 1208.00 & 1206.00 as targets.

Comment
The RSI is mixed with a bullish bias.

Silver spot ($)

Bullish bias above 15.3400.

Silver

Pivot (invalidation): 15.3400

Our preference
Long positions above 15.3400 with targets at 15.4700 & 15.5100 in extension.

Alternative scenario
Below 15.3400 look for further downside with 15.3000 & 15.2600 as targets.

Comment
The RSI is mixed with a bullish bias.

Crude Oil (WTI)

Bullish bias above 66.50.

Crude Oil

Pivot (invalidation): 66.50

Our preference
Long positions above 66.50 with targets at 67.15 & 67.40 in extension.

Alternative scenario
Below 66.50 look for further downside with 66.10 & 65.75 as targets.

Comment
The RSI is mixed with a bullish bias.

Author

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