Gold spot ($)

Under pressure.

Gold


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Pivot (invalidation): 1295.00

Our preference
Short positions below 1295.00 with targets at 1289.50 & 1286.50 in extension.

Alternative scenario
Above 1295.00 look for further upside with 1300.00 & 1303.50 as targets.

Comment
The RSI is mixed to bearish.

 

Silver spot ($)

14.8000 expected.

Silver

Pivot (invalidation): 15.0000

Our preference
Short positions below 15.0000 with targets at 14.8800 & 14.8000 in extension.

Alternative scenario
Above 15.0000 look for further upside with 15.0800 & 15.1500 as targets.

Comment
Technically the RSI is below its neutrality area at 50.

 

Crude Oil (WTI)

Capped by a negative trend line.

Crude Oil

Pivot (invalidation): 64.00

Our preference
Short positions below 64.00 with targets at 63.30 & 63.15 in extension.

Alternative scenario
Above 64.00 look for further upside with 64.30 & 64.65 as targets.

Comment
As Long as the resistance at 64.00 is not surpassed, the risk of the break below 63.30 remains high.

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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