Gold spot ($)
Pivot (invalidation): 1242.00
Short positions below 1242.00 with targets at 1236.00 & 1233.00 in extension.
Above 1242.00 look for further upside with 1244.50 & 1248.00 as targets.
As Long as 1242.00 is resistance, look for choppy price action with a bearish bias.
Silver spot ($)
Key resistance at 14.5100.
Pivot (invalidation): 14.5100
Short positions below 14.5100 with targets at 14.3800 & 14.3200 in extension.
Above 14.5100 look for further upside with 14.5800 & 14.6600 as targets.
The RSI is mixed and calls for caution.
Crude Oil (WTI)
Bullish bias above 50.85.
Pivot (invalidation): 50.85
Long positions above 50.85 with targets at 52.05 & 52.60 in extension.
Below 50.85 look for further downside with 50.10 & 49.40 as targets.
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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