Commodity outlook.

Gold held our selling opportunity at 1311/13 in the end (unexpectedly I admit), breaking 1308/07 to hit 1303.

Silver still holding first support at 1563/60 after we wrote: This is the only level to risk a long....

Gold best support of the day at 1303/1301. Try longs with stops below 1299. A break lower is a sell signal targeting 1295/94.
Minor resistance at 1307/08 but 1313/14 is more of a challenge. Above 1316 is a short term buy signal targeting 1319, 1323 & a selling opportunity at 1324/26.

Silver holding support at 1563/60. This is the only level to risk a long (and it is working), with stops below 1555. A break lower targets 1542/40 & support at 1530/28. 
Holding 1563/60 targets 1573 then quite strong resistance at 1583/86 for profit taking. (We topped exactly here). Could be worth trying shorts with stops above 1593. A break higher targets 1600 before a selling opportunity at 1618/22.

WTI Crude topped exactly at first resistance at 5270/80 & collapsed. We wrote: Failure to beat first resistance at 5270/80 targets 5240/30 before the low at 5185/80. A break lower targets 5140/30...

We bottomed exactly here & shot higher to resistance at 5270/80.

WTI Crude try shorts at 5290/5300 with stops above 5320, but resistance at 5340/50 should also be a big challenge. Further gains target 5370/80 & 5400.

Minor support at 5240/30 but below here targets 5185/80 before the low at 5140/30. We should find good support at 5080/70.

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