Gold spot ($)

Expect 1437.50.

GOLD

 


 

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Pivot (invalidation): 1416.00

Our preference
Long positions above 1416.00 with targets at 1428.00 & 1437.50 in extension.

Alternative scenario
Below 1416.00 look for further downside with 1410.00 & 1403.00 as targets.

Comment
The RSI shows upside momentum.

 

Silver spot ($)

Supported by a rising trend line.

SILVER

Pivot (invalidation): 15.1500

Our preference
Long positions above 15.1500 with targets at 15.4200 & 15.5000 in extension.

Alternative scenario
Below 15.1500 look for further downside with 15.0700 & 15.0200 as targets.

Comment
The RSI is bullish and calls for further advance.

 

Crude Oil (WTI)

Further advance.

OIL

Pivot (invalidation): 59.75

Our preference
Long positions above 59.75 with targets at 61.10 & 61.95 in extension.

Alternative scenario
Below 59.75 look for further downside with 59.05 & 58.50 as targets.

Comment
The RSI shows upside momentum.

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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