Gold spot ($)

Rebound expected.

GOLD

 


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Pivot (invalidation): 1296.00

Our preference
Long positions above 1296.00 with targets at 1302.00 & 1304.50 in extension.

Alternative
scenario Below 1296.00 look for further downside with 1293.00 & 1290.00 as targets.

Comment
The RSI calls for a rebound.

 

Silver spot ($)

Rebound.

SILVER

Pivot (invalidation): 15.1800

Our preference
Long positions above 15.1800 with targets at 15.3700 & 15.4400 in extension.

Alternative scenario
Below 15.1800 look for further downside with 15.1000 & 15.0300 as targets.

Comment
The RSI calls for a rebound.

 

Crude Oil (WTI)

Further advance.

OIL

Pivot (invalidation): 58.25

Our preference
Long positions above 58.25 with targets at 58.75 & 59.20 in extension.

Alternative scenario
Below 58.25 look for further downside with 58.00 & 57.70 as targets.

Comment
The RSI calls for a new upleg.

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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