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Crude Oil (WTI) Intraday: The downside prevails

Gold spot ($)

The upside prevails.

Gold

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Pivot (invalidation): 1244.75

Our preference
Long positions above 1244.75 with targets at 1251.00 & 1253.50 in extension.

Alternative scenario
Below 1244.75 look for further downside with 1240.00 & 1236.00 as targets.

Comment
The RSI shows upside momentum.

Silver spot ($)

Aim @ 14.9000.

Silver

Pivot (invalidation): 14.5700

Our preference
Long positions above 14.5700 with targets at 14.8000 & 14.9000 in extension.

Alternative scenario
Below 14.5700 look for further downside with 14.5200 & 14.4700 as targets.

Comment
The RSI is bullish and calls for further advance.

Crude Oil (WTI)

The downside prevails.

Curde Oil

Pivot (invalidation): 49.85

Our preference
Short positions below 49.85 with targets at 48.60 & 48.00 in extension.

Alternative scenario
Above 49.85 look for further upside with 50.50 & 51.00 as targets.

Comment
The RSI shows downside momentum.

Author

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