So I was surprised when we saw $25 wiped out on the open & prices collapsed to 1907.
Yesterday afternoon we held a range of 1907 up to 1922/24.
We should have very strong support at 1903/1898...longs need stops below 1894. A break lower however could test strong support at 1885/1880. Longs need stops below 1875.
A break above 1925 rests last week's high at 1930/32. A break above 1934 can target minor resistance at 1940/45. A break above 1950 is a buy signal targeting 1962/65 & 1970/75.
Silver XAGUSD holding above first support at 2255/50 keeps bulls in control & can re-target 2278/81. A break above 2285 is a buy signal for today targeting 2295 & 2320/30.
Longs at 2255/50 stop below 2230. A break lower can target support at 2200/2190. Longs need stops below 2170.
WTI Crude November futures holding support at 8690/8660 today keeps bulls in control targeting the only resistance of note at 8820/60. These levels marked the high & low for Monday. I should have recommended shorts at 8820/60 & I should have suggested shorts!
If you try shorts here today, stop above 8910. A break higher is a buy signal targeting 8970/90.
Longs at 8690/8660 stop below 8600.
A break below 8600 can target 8540/30, perhaps as far as minor support at 8460/30.
