Gold spot ($)

Bullish bias above 1508.00.

Gold

 


 

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Pivot (invalidation): 1508.00

Our preference
Long positions above 1508.00 with targets at 1524.00 & 1535.00 in extension.

Alternative scenario
Below 1508.00 look for further downside with 1502.00 & 1494.00 as targets.

Comment
The RSI is mixed with a bullish bias.

 

Silver spot ($)

Look for 17.6400.

Silver

 

Pivot (invalidation): 17.1500

Our preference
Long positions above 17.1500 with targets at 17.5000 & 17.6400 in extension.

Alternative scenario
Below 17.1500 look for further downside with 17.0100 & 16.8500 as targets.

Comment
The RSI is bullish and calls for further advance.

 

Crude Oil (WTI)

Look for 53.55.

Oil

 

Pivot (invalidation): 55.70

Our preference
Short positions below 55.70 with targets at 54.05 & 53.55 in extension.

Alternative scenario
Above 55.70 look for further upside with 56.45 & 57.40 as targets.

Comment
Technically the RSI is below its neutrality area at 50.

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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