Oil, Gold and Silver. How can we work in the short term? Operating levels

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The Future of oil is currently trading at 68.82.

If the price started a upward movement we must wait to exceed 70.71, to value long considering a target of about 20 points before approaching R3 at 71.10 which could act as resistance.

If the price started a bearish movement and lost 67.16, we could value shorts considering a target of about 20 points before hitting S2 at 66.70 which could act as support.

Remember that today at 16:30 the oil inventory data is published It should not be in the market at that time if we are working in CP.

G5m Oil Future Chart

The Future of Gold is currently trading at 1,798.2.

If the price started a upward movement we must wait for 1.825.8 to be exceeded to value longs.

If, on the contrary, the price starts a bearish movement and lost 1,794.3, we could value shorts considering a target of about 20 to 25 points before approaching S1 at 1,783.4 which could act as support.

If it continues to decline, if S1 is also lost, we could value shorts considering a target of about 20 points before reaching 1,777.0 where the price could slow down.

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