Gold – Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point 1196.50$ with targets at 1206.85$ next 1218.00$ in extension.
Alternatively, Bearish scenario: Short positions below the daily pivot point 1196.50$ with targets at 1185.35$ next 1174.95$ in extension.
Gold – Daily Chart Support and Resistance levels
Resistance: 1208.00, 1220.00, 1235.50, 1255.60
Support: 1173.00, 1130.00, 1120.00, 1100.00, 1080.00
Crude Oil – Day Trading Strategies
Bearish scenario: Short positions below the daily pivot point 76.10$ with targets at 75.15$ next 74.50$ in extension.
Alternatively, Bullish scenario: Long positions above the daily pivot point 76.10$ with targets at 76.70$ next 77.65$ in extension.
Crude Oil – Daily Chart Support and Resistance levels
Resistance: 78.00, 80.00, 82.00, 82.90, 84.00, 87.00
Support: 74.00, 73.20, 72.20, 71.00, 70.00
Silver – Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point 16.40 with targets at 16.70 next 16.90 in extension.
Alternatively, Bearish scenario: Short positions below the daily pivot point 16.40 with targets at 16.20 next 15.90 in extension.
Silver – Daily Chart Support and Resistance levels
Resistance: 16.55, 17.40, 17.70
Support: 15.85, 15.00, 14.80, 14.00
Commodities Pivot Points:
Pivot points are very useful tools for commodities professional traders that use the previous bars’ highs, lows and closings to project potential support and resistance levels for future bars.