Crude Oil (WTI) Intraday: bullish bias above 58.20

Gold spot ($)

Consolidation in place.

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Pivot (invalidation): 1555.50

Our preference
Short positions below 1555.50 with targets at 1548.00 & 1544.00 in extension.

Alternative scenario
Above 1555.50 look for further upside with 1560.00 & 1563.00 as targets.

Comment
As Long as 1555.50 is resistance, expect a return to 1548.00.

Silver spot ($)

Key resistance at 18.0400.

Pivot (invalidation): 18.0400

Our preference
Short positions below 18.0400 with targets at 17.8500 & 17.7600 in extension.

Alternative scenario
Above 18.0400 look for further upside with 18.1200 & 18.2100 as targets.

Comment
As Long as 18.0400 is resistance, look for choppy price action with a bearish bias.

Crude Oil (WTI)

Bullish bias above 58.20.

Pivot (invalidation): 58.20

Our preference
Long positions above 58.20 with targets at 58.85 & 59.20 in extension.

Alternative scenario
Below 58.20 look for further downside with 57.85 & 57.55 as targets.

Comment
The RSI is mixed with a bullish bias.