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.

This report has been prepared by AC Markets and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by AC Markets personnel at any given time. ACM is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.