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Crude Oil (WTI)Crude Oil (WTI)
20240423 10:16
Crude Oil (WTI) (M4) Intraday: the upside prevails.
Pivot: 81.70
Our preference: long positions above 81.70 with targets at 82.85 & 83.35 in extension.
Alternative scenario: below 81.70 look for further downside with 81.10 & 80.70 as targets.
Comment: the RSI calls for a new upleg.
Supports and resistances:
84.00
83.35
82.85
82.47 Last
81.70
81.10
80.70
GoldGold
20240423 11:25
Gold Intraday: the downside prevails.
Pivot: 2314.00
Our preference: short positions below 2314.00 with targets at 2285.00 & 2268.00 in extension.
Alternative scenario: above 2314.00 look for further upside with 2325.00 & 2342.00 as targets.
Comment: the break below 2314.00 is a negative signal that has opened a path to 2285.00.
Supports and resistances:
2342.00
2325.00
2314.00
2294.56 Last
2285.00
2268.00
2250.00
SilverSilver
20240423 11:29
Silver Intraday: under pressure.
Pivot: 27.09
Our preference: short positions below 27.09 with targets at 26.65 & 26.30 in extension.
Alternative scenario: above 27.09 look for further upside with 27.35 & 27.53 as targets.
Comment: the RSI is bearish and calls for further decline.
Supports and resistances:
27.53
27.35
27.09
26.73 Last
26.65
26.30
26.10
Copper (CME)Copper (CME)
20240423 11:31
Copper (CME) (MAY4) intraday: the RSI is oversold
4.4330 is our pivot point.
Our preference: the downside prevails as long as 4.4330 is resistance.
Alternative scenario: the upside breakout of 4.4330, would call for 4.4640 and 4.4830.
Comment: the RSI is below 30. It could either mean that prices are in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Copper (CME) (MAY4) stands below its 20 and 50 period moving average (respectively at 4.4363 and 4.4687).
Supports and resistances:
4.4830 **
4.4640 *
4.4330 **
4.4210
4.3985 last
4.3590
4.3405 **
4.3220 *
4.3035 **
Crude Oil (WTI)Crude Oil (WTI)
20240423 11:37
Crude Oil (WTI) (M4) Intraday: bullish bias above 81.90.
Pivot: 81.90
Our preference: long positions above 81.90 with targets at 83.00 & 83.35 in extension.
Alternative scenario: below 81.90 look for further downside with 81.50 & 81.10 as targets.
Comment: the break above 81.90 is a positive signal that has opened a path to 83.00.
Supports and resistances:
84.00
83.35
83.00
82.24 Last
81.90
81.50
81.10
-
Crude Oil (WTI)
10:16
alarm
Long positions above 81.70 with targets at 82.85 & 83.35 in extension.
-
Gold
11:25
alarm
Short positions below 2314.00 with targets at 2285.00 & 2268.00 in extension.
-
Silver
11:29
alarm
Short positions below 27.09 with targets at 26.65 & 26.30 in extension.
-
Copper (CME)
11:31
alarm
Alternative scenario: the upside breakout of 4.4330, would call for 4.4640 and 4.4830.
-
Crude Oil (WTI)
11:37
alarm
Long positions above 81.90 with targets at 83.00 & 83.35 in extension.