Gold spot ($)
Pivot (invalidation): 1299.50
Short positions below 1299.50 with targets at 1293.25 & 1289.25 in extension.
Above 1299.50 look for further upside with 1303.00 & 1306.00 as targets.
The RSI calls for a new downleg.
Silver spot ($)
Bullish bias above 14.7100.
Pivot (invalidation): 14.7100
Long positions above 14.7100 with targets at 14.8600 & 14.9000 in extension.
Below 14.7100 look for further downside with 14.6700 & 14.6000 as targets.
A support base at 14.7100 has formed and has allowed for a temporary stabilisation.
Crude Oil (WTI)
Pivot (invalidation): 61.75
Short positions below 61.75 with targets at 61.15 & 60.65 in extension.
Above 61.75 look for further upside with 62.10 & 62.65 as targets.
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.
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