Crude Oil (WTI) Intraday: The downside prevails

Gold spot ($)

Key resistance at 1293.00.

Gold

 


 

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Pivot (invalidation): 1293.00

Our preference
Short positions below 1293.00 with targets at 1288.50 & 1286.00 in extension.

Alternative scenario
Above 1293.00 look for further upside with 1295.00 & 1297.00 as targets.

Comment
A break below 1288.50 would trigger a drop towards 1286.00.

 

Silver spot ($)

Under pressure.

Silver

Pivot (invalidation): 15.6500

Our preference
Short positions below 15.6500 with targets at 15.5200 & 15.4500 in extension.

Alternative scenario
Above 15.6500 look for further upside with 15.7200 & 15.7800 as targets.

Comment
The RSI is mixed to bearish.

 

Crude Oil (WTI)

The downside prevails.

Crude Oil

Pivot (invalidation): 52.10

Our preference
Short positions below 52.10 with targets at 50.20 & 49.50 in extension.

Alternative scenario
Above 52.10 look for further upside with 52.90 & 53.35 as targets.

Comment
The RSI advocates for further decline.
 

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.