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Silver spot Intraday: Key resistance at 15.2700

Gold spot ($)

Key resistance at 1292.50.

Gold

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Pivot (invalidation): 1292.50

Our preference
Short positions below 1292.50 with targets at 1282.50 & 1276.50 in extension.

Alternative scenario
Above 1292.50 look for further upside with 1297.00 & 1304.00 as targets.

Comment
The RSI is mixed and calls for caution.

Silver spot ($)

Key resistance at 15.2700.

Silver

Pivot (invalidation): 15.2700

Our preference
Short positions below 15.2700 with targets at 15.0000 & 14.8400 in extension.

Alternative scenario
Above 15.2700 look for further upside with 15.3900 & 15.5000 as targets.

Comment
The RSI is mixed and calls for caution.

Crude Oil (WTI)

Supported by a rising trend line.

Crude Oil

Pivot (invalidation): 56.05

Our preference
Long positions above 56.05 with targets at 56.65 & 57.00 in extension.

Alternative scenario
Below 56.05 look for further downside with 55.55 & 55.05 as targets.

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

Author

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