Gold, Silver And WTI Crude Daily Forecast
Jason Sen | Jun 01, 2021 06:47AM ET
Gold spot continue climb slowly higher in the bull trend.
Silver spot trying a break above 2820/25 for a more positive outlook this week.
WTI Crude JULY Future holds first support at 6620/00 to capitalise on last week’s breakout to retest last week’s high at 6750/55 as expected.
h2 Today’s Analysis/h2Gold outlook positive in the bull trend and holding first support at 1900/1890 is a buy signal targeting 1920/25 and 1937/40.
Below 1890 however meets second support at 1880/77. A break below 1873 risks a slide to support at 1859/56.
Silver holding above 2820/25 is a buy signal for today targeting resistance at the May high at 2870/75. Above here can target 2905/10 and 2970/80.
A dip back below 2815 however risks a slide to 2780/70. Try longs at 2760/40. Stop below 2730.
WTI Crude holds first support at 6620/00 yesterday to capitalise on last week’s breakout to retest last week’s high at 6750/55 and today can target the 2021 high at 6790/99. Next target is 6840/50.
Strong support at 6620/00. Longs need stops below 6580. A break lower to targets support at 6525/15.
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