Commodity outlook.

Gold longs at 1303/1301 were perfect. Waited for this opportunity all week! We bounced to 1310/11 then 1315/17.

Silver we wrote: breaks 1563/60 which is now likely to act as resistance.
It did & we topped only 5 points above.

Gold hit 1310/11 then 1315/17 on the bounce but above 1319 targets 1323 & a selling opportunity at 1324/26.
Minor support at 1308/07 before best support of the day at 1303/1301. Try longs with stops below 1297. A break lower is a sell signal targeting 1294, 1290 & an excellent buying opportunity at 1288/87.

Silver holding below 1563/60 targets 1542/40 & support at 1530/28.
First resistance at 1563/60 but above here targets 1573 then quite strong resistance at 1583/86.

WTI Crude holding resistance at 5505/10 targets 5450/40 with support at 5410/00. Look for a buying opportunity at 5350/40, with stops below 5320.

Strong resistance at 5555/65 but shorts need stops above 5585. A break higher is a buy signal targeting 5640/50 & trend line resistance at 5690/99.

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