Gold and silver kept sliding into the New York open, with silver down 2.35% and its RSI at 27.9, deep in oversold territory. Oil is roughly flat to slightly higher after headlines on US strikes on Iran, while the US midterm elections stay in focus. US cash indices below show Monday's close until the 18:30 Dubai open; futures are mixed, with ES down 0.08% and NQ up 0.33%.
New York ·
Gold trades at 3935.2, down 0.87% and below the pivot 3946.47. It is far under MA20 (4093.09) and MA50 (4265.33), and RSI 14 is 34.1.
What to watch: The London low of 3904.1 and S1 3912.13 around the US data at 19:00 Dubai time.
Scenario: If price breaks below 3912.13, the next support is S2 3854.67; if it recovers above 3946.47, the next resistance is 4003.93.
R: 4003.93 / 4038.27 · P: 3946.47 · S: 3912.13 / 3854.67
Silver fell 2.35% to 49.53, below every pivot level today and well under MA20 (55.614). RSI 14 at 27.9 is oversold, so sharp rebounds are possible.
What to watch: Today's low of 48.62 and the round 48 level; a return above 50.24 would ease the pressure.
Scenario: If price stays below 49.76, the next support is 48.62 then 48; if it reclaims 50.24, the next resistance is the pivot 50.58.
R: 49.76 / 50.24 · P: 50.58 · S: 48.62 / 48
WTI is at 97.05, up 0.61%, just under the pivot 98.12 and MA20 (98.17) but above MA50 (95.06). RSI 14 at 49.1 is neutral.
What to watch: Today's high of 98.82 and the pivot, with headlines on US strikes on Iran still driving swings.
Scenario: If price holds above 98.82, the next resistance is R1 101.09; if it slips below 96.12, the next support is S1 93.49.
R: 98.82 / 101.09 · P: 98.12 · S: 96.12 / 93.49
Brent is at 104.81, little changed (0.04%), below the pivot 106.81 and MA20 (109.38) but above MA50 (103.73). RSI 14 is 44.5.
What to watch: Whether today's low of 104.2 holds, with an ATR of 4.7 pointing to wide ranges.
Scenario: If price breaks above 107.21, the next resistance is R1 110.34; if it falls below 104.2, the next support is S1 101.25.
R: 107.21 / 110.34 · P: 106.81 · S: 104.2 / 101.25
The S&P 500 closed Monday at 7541.4, down 0.51%, below the pivot 7581 and both MA20 (7718.28) and MA50 (7694.42). RSI 14 is 37.7. The cash index has not opened yet; ES futures are at 7568.5.
What to watch: The open at 18:30 Dubai time and the JOLTs reaction at 19:00.
Scenario: If price recovers above 7581, the next resistance is R1 7622.63; if it breaks below 7499.78, the next support is S2 7458.15.
R: 7622.63 / 7703.85 · P: 7581 · S: 7499.78 / 7458.15
The Nasdaq 100 closed Monday at 27989.82, down 1.39%, below the pivot 28236.88 and MA50 (29769.92). RSI 14 is 32. NQ futures are up 0.33% at 28220.25 before the open.
What to watch: Tech earnings headlines and whether the index can reclaim the pivot after the open.
Scenario: If price holds above 28236.88, the next resistance is R1 28506.33; if it falls below 27720.38, the next support is S2 27450.93.
R: 28506.33 / 29022.83 · P: 28236.88 · S: 27720.38 / 27450.93
This analysis is general market commentary for information only. It is not investment advice or a recommendation to buy or sell any instrument. Trading leveraged products such as forex and CFDs carries a high risk of losing money. Prepared with automated tools from a market data snapshot (Yahoo Finance prices, economic calendar, public news headlines); prices may be delayed.
Invvex ·
