Gold spot ($)

Caution.

Gold

 


 

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Pivot (invalidation): 1343.50

Our preference
Short positions below 1343.50 with targets at 1337.00 & 1333.50 in extension.

Alternative scenario
Above 1343.50 look for further upside with 1346.50 & 1350.00 as targets.

Comment
The RSI is mixed and calls for caution.

 

Silver spot ($)

Caution.

Silver

Pivot (invalidation): 14.8800

Our preference
Short positions below 14.8800 with targets at 14.7600 & 14.7100 in extension.

Alternative scenario
Above 14.8800 look for further upside with 14.9500 & 15.0000 as targets.

Comment
The RSI is mixed and calls for caution.

 

Crude Oil (WTI)

51.05 expected.

Crude Oil

Pivot (invalidation): 52.35

Our preference
Short positions below 52.35 with targets at 51.35 & 51.05 in extension.

Alternative scenario
Above 52.35 look for further upside with 52.85 & 53.25 as targets.

Comment
As Long as 52.35 is resistance, likely decline to 51.35.

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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