I think it is fair to say that buying as prices broke higher each day through 1932, 1950 & 1965 this week has been the right strategy & the targets have been perfectly accurate.
Further gains are expected as far as 1986/88 & 2000 despite severely overbought conditions. No sell signal yet so 2020 is certainly possible.
First support at 1956/53. Longs need stops below 1950.
Strong support at 1942/38. Longs need stops below 1934.
Silver XAGUSD longs at first support at 2275/65 worked perfectly targeting 2295 & 2320/30.
First support again at 2275/65. Longs need stops below 2260.
A break lower meets strong support at 2235/25. Longs need stops below 2215.
WTI Crude December futures broke good support at 8690/60 but the buying opportunity at even better support at 8590/8560 worked perfectly with a low for the day exactly here at 8544.
The break above Wednesday's high at 8857 triggers the next leg higher in the bull trend targeting 8970/90, with a high for the day only 16 ticks below yesterday. If we continue higher as I expect today, look for 9060/9090.
First support at 8850/20 then strong support at 8780/40 & longs need stops below 8720.
