Silver Spot Levels: Turning up

Gold spot ($)

Turning up.

Gold


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Pivot (invalidation): 1200.00

Our preference
Long positions above 1200.00 with targets at 1208.25 & 1212.50 in extension.

Alternative scenario
Below 1200.00 look for further downside with 1196.00 & 1192.50 as targets.

Comment
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 ($)

Turning up.

Silver

Pivot (invalidation): 14.1300

Our preference
Long positions above 14.1300 with targets at 14.2800 & 14.3500 in extension.

Alternative scenario
Below 14.1300 look for further downside with 14.0600 & 13.9900 as targets.

Comment
The RSI shows upside momentum. The prices are striking against the upper boundary of Bollinger band.

 

Crude Oil (WTI)

The downside prevails.

Crude Oil

Pivot (invalidation): 69.30

Our preference
Short positions below 69.30 with targets at 68.35 & 68.00 in extension.

Alternative scenario
Above 69.30 look for further upside with 69.75 & 70.15 as targets.

Comment
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.