Gold spot ($)
Pivot (invalidation): 1200.00
Long positions above 1200.00 with targets at 1208.25 & 1212.50 in extension.
Below 1200.00 look for further downside with 1196.00 & 1192.50 as targets.
The RSI advocates for further upside. The prices are trading above both the 20-period and 50-period moving averages while striking against the upper boundary of Bollinger band.
Silver spot ($)
Pivot (invalidation): 14.1300
Long positions above 14.1300 with targets at 14.2800 & 14.3500 in extension.
Below 14.1300 look for further downside with 14.0600 & 13.9900 as targets.
The RSI shows upside momentum. The prices are striking against the upper boundary of Bollinger band.
Crude Oil (WTI)
The downside prevails.
Pivot (invalidation): 69.30
Short positions below 69.30 with targets at 68.35 & 68.00 in extension.
Above 69.30 look for further upside with 69.75 & 70.15 as targets.
The RSI is mixed to bearish.
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.