Gold Spot ($)
Supported by a rising trend line.
Pivot (invalidation): 1567.00
Long positions above 1567.00 with targets at 1576.50 & 1580.00 in extension.
Below 1567.00 look for further downside with 1563.00 & 1560.00 as targets.
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Silver Spot ($)
Bullish bias above 17.6500.
Pivot (invalidation): 17.6500
Long positions above 17.6500 with targets at 17.7500 & 17.8200 in extension.
Below 17.6500 look for further downside with 17.5700 & 17.5200 as targets.
The RSI lacks downward momentum.
Crude Oil (WTI)
Capped by a negative trend line.
Pivot (invalidation): 50.65
Short positions below 50.65 with targets at 49.90 & 49.55 in extension.
Above 50.65 look for further upside with 51.00 & 51.30 as targets.
The upward potential is likely to be limited by the resistance at 50.65.
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