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Silver Spot ($) Intraday: Key resistance at 15.5600

Gold spot ($)

1298.50 in sight.

Gold

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Pivot (invalidation): 1314.00

Our preference
Short positions below 1314.00 with targets at 1303.00 & 1298.50 in extension.

Alternative scenario
Above 1314.00 look for further upside with 1320.50 & 1326.00 as targets.

Comment
As Long as the resistance at 1314.00 is not surpassed, the risk of the break below 1303.00 remains high.

Silver spot ($)

Key resistance at 15.5600.

Silver

Pivot (invalidation): 15.5600

Our preference
Short positions below 15.5600 with targets at 15.3500 & 15.2400 in extension.

Alternative scenario
Above 15.5600 look for further upside with 15.6300 & 15.6900 as targets.

Comment
As Long as 15.5600 is resistance, expect a return to 15.3500.

Crude Oil (WTI)

Look for 59.00.

Crude Oil

Pivot (invalidation): 60.25

Our preference
Short positions below 60.25 with targets at 59.55 & 59.00 in extension.

Alternative scenario
Above 60.25 look for further upside with 60.65 & 60.95 as targets.

Comment
A break below 59.55 would trigger a drop towards 59.00.

Author

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