Gold spot ($)

Capped by a negative trend line.

Gold

 


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Pivot (invalidation): 1517.00

Our preference
Short positions below 1517.00 with targets at 1504.00 & 1496.00 in extension.

Alternative scenario
Above 1517.00 look for further upside with 1522.00 & 1528.00 as targets.

Comment
The RSI calls for a new downleg.

 

Silver spot ($)

16.8500 expected.

SIlver

 

Pivot (invalidation): 17.1800

Our preference
Short positions below 17.1800 with targets at 17.0000 & 16.8500 in extension.

Alternative scenario
Above 17.1800 look for further upside with 17.2800 & 17.3800 as targets.

Comment
The RSI is bearish and calls for further decline.

 

Crude Oil (WTI)

Further upside.

Crude Oil

 

Pivot (invalidation): 54.75

Our preference
Long positions above 54.75 with targets at 55.65 & 56.25 in extension.

Alternative scenario
Below 54.75 look for further downside with 54.30 & 53.75 as targets.

Comment
The RSI advocates for further advance.

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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