WTI Oil: Consolidates With Upside Bias….
As long as 41.52 support holds on a daily closing basis. WTI Oil remains on the upside to 42.82 level ahead of 44.00 levels. Below 41.52 sees pullback threats to 40.13/38.71 before another rising.
Support: 41.52, 40.13, 38.71, 37.00, 35.40
Resistance: 42.88, 44.00, 45.50, 47.00, 48.20
Trend Direction:
Light Bullish: Above 41.52
Bullish: Above 42.88
Light Bearish: Below 41.52
Bearish: Below 38.71
Gold: Bearish Despite Recovery Attempts…
As long as 1966 resistance holds on a daily closing basis, the XAUUSD remains downside to 1900 levels ahead of 1952 levels. Above 1966 sees recovery threats to 2029 before another fall.
Support: 1900, 1852, 1793, 1725, 1680
Resistance: 1966, 2029, 2075, 2120, 2175
Trend Direction:
Light Bullish: Above 1966
Bullish: Above 2029
Light Bearish: Below 1966
Bearish: Below 1900
Silver: Recovers With Caution…
As long as 26.25 support holds on a daily closing basis. The XAGUSD remains in a recovery mode and further upside couldn’t be ruled out. But the recovery above 26.25 should be limited by 27.80/29.25 levels. Below 26.25 sees fall threats to 24.35 level ahead of 22.85 level.
Support: 26.25, 24.35, 22.85, 21.00, 18.88
Resistance: 27.80, 29.25, 30.35, 32.00, 33.20
Trend Direction:
Light Bullish: Above 26.25
Bullish: Above 29.25
Light Bearish: Below 26.25
Bearish: Below 24.35
