Silver Spot Intraday: Key resistance at 15.1800

Gold spot ($)

Under pressure.

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Pivot (invalidation): 1230.50

Our preference Short positions below 1230.50 with targets at 1226.00 & 1224.00 in extension.

Alternative scenarioAbove 1230.50 look for further upside with 1233.50 & 1235.50 as targets.

Comment The RSI advocates for further decline.

Silver spot ($)

14.4500 expected.

Pivot (invalidation): 14.5700

Our preferenceShort positions below 14.5700 with targets at 14.4500 & 14.4000 in extension.

Alternative scenarioAbove 14.5700 look for further upside with 14.6500 & 14.7200 as targets.

Comment As Long as the resistance at 14.5700 is not surpassed, the risk of the break below 14.4500 remains high.

Crude Oil (WTI)

Key resistance at 67.35.

Pivot (invalidation): 67.35

Our preference Short positions below 67.35 with targets at 66.70 & 66.30 in extension.

Alternative scenario Above 67.35 look for further upside with 67.60 & 67.95 as targets.

CommentAs Long as 67.35 is resistance, look for choppy price action with a bearish bias.

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.