Gold Spot ($)

Look for 1452.00.

Gold


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Pivot (invalidation): 1479.00

Our preference
Short positions below 1479.00 with targets at 1460.00 & 1452.00 in extension.

Alternative scenario
Above 1479.00 look for further upside with 1488.00 & 1494.00 as targets.

Comment
As Long as the resistance at 1479.00 is not surpassed, the risk of the break below 1460.00 remains high.

 

Silver Spot ($)

Under pressure.

Silver

Pivot (invalidation): 17.1500

Our preference
Short positions below 17.1500 with targets at 16.9300 & 16.7800 in extension.

Alternative scenario
Above 17.1500 look for further upside with 17.3600 & 17.4800 as targets.

Comment
A break below 16.9300 would trigger a drop towards 16.7800.

 

Crude Oil (WTI)

Caution.

Crude Oil

Pivot (invalidation): 56.80

Our preference
Long positions above 56.80 with targets at 57.20 & 57.55 in extension.

Alternative scenario
Below 56.80 look for further downside with 56.55 & 56.25 as targets.

Comment
The RSI is mixed and calls for caution.

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.

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