Gold spot ($)

Look for 1568.00.

Gold

 


 

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Pivot (invalidation): 1558.00

Our preference
Long positions above 1558.00 with targets at 1564.00 & 1568.00 in extension.

Alternative scenario
Below 1558.00 look for further downside with 1554.50 & 1551.50 as targets.

Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

 

Silver spot ($)

Bullish bias above 17.6900.

Silver

Pivot (invalidation): 17.6900

Our preference
Long positions above 17.6900 with targets at 17.9000 & 17.9800 in extension.

Alternative scenario
Below 17.6900 look for further downside with 17.5800 & 17.4900 as targets.

Comment
The RSI is mixed with a bullish bias.

 

Crude Oil (WTI)

54.75 expected.

Crude Oil

Pivot (invalidation): 56.00

Our preference
Short positions below 56.00 with targets at 55.15 & 54.75 in extension.

Alternative scenario
Above 56.00 look for further upside with 56.55 & 57.05 as targets.

Comment
As Long as 56.00 is resistance, expect a return to 55.15.

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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