SILVER‏ (Spot) intraday: further upside.

Pivot: 33.10

Our preference: LONG positions above 33.1 with 33.95 & 34.4 in sight.

Alternative scenario: The downside penetration of 33.1 will call for 32.9 & 32.5.

Comment: the RSI lacks downward momentum.

Crude Oil‏ (Jan 13) intraday: the bias remains bullish.

Pivot: 87.65

Our preference: LONG positions above 87.65 with targets @ 89.6 & 90.8.

Alternative scenario: The downside penetration of 87.65 will call for 87 & 85.35.

Comment: technically, the RSI is above its neutrality area at 50.

GOLD‏ (Spot) intraday: the bias remains bullish.

Pivot: 1703.00

Our  Preference: LONG positions above 1703 with 1731 & 1736 as next targets.

Alternative scenario: The downside breakout of 1703 will open the way to 1698 & 1694.

Comment: the RSI advocates for further upside.

Copper‏ (Mar 13) intraday: the bias remains bullish.

Pivot: 3.61

Our preference: LONG positions above 3.61 with targets @ 3.67 & 3.7.

Alternative scenario: The downside penetration of 3.61 will call for a slide towards 3.58 & 3.55.

Comment: the RSI is bullish and calls for further advance.

SILVER‏ (Spot) intraday: under pressure.

Pivot: 33.95

Our preference: SHORT positions below 33.95 with 33.1 & 32.9 in sight.

Alternative scenario: The upside breakout of 33.95 will open the way to 34.4 & 34.75.

Comment: as long as 33.95 is resistance, look for choppy price action with a bearish bias.

Crude Oil‏ (Jan 13) intraday: the bias remains bullish.

Pivot: 87.65

Our preference: LONG positions above 87.65 with 89.6 & 90.8 as next targets.

Alternative scenario: The downside penetration of 87.65 will call for slide towards 87 & 85.35.

Comment: technically, the RSI is above its neutrality area at 50.

GOLD‏ (Spot) intraday: further upside.

Pivot: 1703.00

Our preference: LONG positions above 1703 with 1731 & 1736 as next targets.

Alternative scenario: The downside penetration of 1703 will call for 1698 & 1694.

Comment: the RSI advocates for further upside.