APR GOLD Resist: 131350*, 1319-1322020, 132340* ST Trend: Sdwys/Up
(130930) Supprt: 130100-130020, 129580* Obj: 132340? TRP: 1295.80
Comment: Thursday’s reversal day warns for a failing advance. A close over 131350* is needed to spark
another climb to attack the resistance level at 132340*. A close over 132340* is bullish. If trade finds rallies
blunted at 131350*+, then be on guard for a slip lower. A close under 129580* is needed to start a bear downturn.
MAY SILVER Resist: 1554*, 15615-1565 ST Trend: Sdwys
(15475) Supprt: 1540?, 1533*, 15265 Obj: None TRP: 15.54
Comment: Yesterday’s spike basically negated the 1554* retracement resistance, but trade will still need to
close over 1554* to renew the bull wave to 1580+. If trade struggles to rally back over 1554*, be alert for a
reversing turnover. A drop under Wednesday’s low or close under 1533* are needed to alert for a flip back
to negative trade.
MAY CRUDE OIL Resist: 6090-6125, 6344* ST Trend: Up
(5987) Supprt: 5925-21, 5825*- Obj: 6105 TRP: 58.25
Comment: The market is short term friendly, extending the drive over congestion and suggesting a stretch
to 6105 today. A close over 6090 hints for potential rallies to test a retracement resistance level at 6344*.
Any corrective dips should now fight to stabilize within Wednesday’s outside bull day to keep strong bull
forces. Although, only a close under 5825* signals a turn into a correction phase
RECOMMENDATIONS:
JUN GOLD: Shorts at 132590 should risk 132660 Stop. The objective is a multi-week downturn to 127790.
JUN J-YEN: Longs at 9077-745 should risk a close under 9051 or 9033 Stop. The objective is 9185.