Gold spot: Bullish bias above 1935.00

XAUUSD

 


 

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Pivot (invalidation): 1935.00

Our preference
Long positions above 1935.00 with targets at 1970.00 & 1995.00 in extension.

Alternative scenario
Below 1935.00 look for further downside with 1920.00 & 1906.00 as targets.

Comment
The RSI is mixed with a bullish bias.

 

Silver spot: The bias remains bullish

XAGUSD

Pivot (invalidation): 26.5000

Our preference
Long positions above 26.5000 with targets at 27.9000 & 28.7000 in extension.

Alternative scenario
Below 26.5000 look for further downside with 25.9000 & 25.1000 as targets.

Comment
The RSI is mixed with a bullish bias.

 

Crude Oil (WTI): Expect 41.80

Crude Oil

Pivot (invalidation): 42.60

Our preference
Short positions below 42.60 with targets at 42.10 & 41.80 in extension.

Alternative scenario
Above 42.60 look for further upside with 42.95 & 43.25 as targets.

Comment
A break below 42.10 would trigger a drop towards 41.80.

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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