Gold spot ($)

1289.25 expected.

Gold


 

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Pivot (invalidation): 1299.50

Our preference
Short positions below 1299.50 with targets at 1293.25 & 1289.25 in extension.

Alternative scenario
Above 1299.50 look for further upside with 1303.00 & 1306.00 as targets.

Comment
The RSI calls for a new downleg.

 

Silver spot ($)

Bullish bias above 14.7100.

Silver

Pivot (invalidation): 14.7100

Our preference
Long positions above 14.7100 with targets at 14.8600 & 14.9000 in extension.

Alternative scenario
Below 14.7100 look for further downside with 14.6700 & 14.6000 as targets.

Comment
A support base at 14.7100 has formed and has allowed for a temporary stabilisation.

 

Crude Oil (WTI)

60.65 expected.

Oil

Pivot (invalidation): 61.75

Our preference
Short positions below 61.75 with targets at 61.15 & 60.65 in extension.

Alternative scenario
Above 61.75 look for further upside with 62.10 & 62.65 as targets.

Comment
The RSI has just struck against its neutrality area at 50% and is reversing down. The 20-period moving average is about to cross below the 50-period moving average.

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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