Gold Spot ($)

Expect 1568.00.

Gold


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Pivot (invalidation): 1550.00

Our preference
Long positions above 1550.00 with targets at 1563.00 & 1568.00 in extension.

Alternative scenario
Below 1550.00 look for further downside with 1546.50 & 1541.00 as targets.

Comment
The RSI is mixed to bullish.

 

Silver Spot ($)

Look for 18.1500.

Silver

Pivot (invalidation): 17.8700

Our preference
Long positions above 17.8700 with targets at 18.0400 & 18.1500 in extension.

Alternative scenario
Below 17.8700 look for further downside with 17.7600 & 17.6500 as targets.

Comment
The RSI is mixed with a bullish bias.

 

Crude Oil (WTI)

Caution.

Crude Oil

Pivot (invalidation): 58.35

Our preference
Short positions below 58.35 with targets at 57.75 & 57.35 in extension.

Alternative scenario
Above 58.35 look for further upside with 58.70 & 59.00 as targets.

Comment
The RSI is mixed and calls for caution.

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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