Gold spot ($)

Break of a ST rising trendline support.

Gold

 


 

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Pivot (invalidation): 1469.00

Our preference
Short positions below 1469.00 with targets at 1464.00 & 1461.00 in extension.

Alternative scenario
Above 1469.00 look for further upside with 1471.50 & 1474.00 as targets.

Comment
The RSI is bearish and calls for further decline.

 

Silver spot ($)

Towards 16.8200.

Silver

Pivot (invalidation): 17.0300

Our preference
Short positions below 17.0300 with targets at 16.8600 & 16.8200 in extension.

Alternative scenario
Above 17.0300 look for further upside with 17.0900 & 17.1400 as targets.

Comment
The RSI advocates for further decline.

 

Crude Oil (WTI)

Key resistance at 57.35.

Crude

Pivot (invalidation): 57.35

Our preference
Short positions below 57.35 with targets at 56.85 & 56.65 in extension.

Alternative scenario
Above 57.35 look for further upside with 57.55 & 57.75 as targets.

Comment
A break below 56.85 would trigger a drop towards 56.65.

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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