Gold spot ($)

Key resistance at 1412.00.

Gold

 


 

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Pivot (invalidation): 1412.00

Our preference
Short positions below 1412.00 with targets at 1403.50 & 1400.50 in extension.

Alternative scenario
Above 1412.00 look for further upside with 1419.00 & 1424.00 as targets.

Comment
The RSI has just struck against its neutrality area at 50%.

 

Silver spot ($)

Key resistance at 15.1800.

Silver

 

Pivot (invalidation): 15.1800

Our preference
Short positions below 15.1800 with targets at 15.0700 & 14.9800 in extension.

Alternative scenario
Above 15.1800 look for further upside with 15.2400 & 15.3100 as targets.

Comment
The RSI is mixed to bearish.

 

Crude Oil (WTI)

Look for 61.60.

Oil

 

Pivot (invalidation): 60.15

Our preference
Long positions above 60.15 with targets at 60.90 & 61.60 in extension.

Alternative scenario
Below 60.15 look for further downside with 59.65 & 59.10 as targets.

Comment
The RSI is bullish and calls for further upside.

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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