Recommendation Based on the charts and explanations above our opinion is selling oil with the breach of 84.35 targeting 82.00 and stop loss above 86.05, might be appropriate.
Silver
Between 18.90 and 19.30 areas, the suggested harmonic pattern of AB=CD might be completed but we believe that, areas of 18.35 could be retested first, and then achieving this suggested bullishness to resume the CD leg rally. AROON shows that, the uptrend is still strong enough, while RSI 14 is moving inside overbought zones. From here we will be waiting for a mild correction before moving upwards.Recommendation Based on the charts and explanations above our opinion is, buying silver from 18.30 targeting 18.90 and stop loss below 17.85 might be appropriate
Gold
After breaching the key resistance levels of 1155.00-1156.00 zones, gold has taken 1162.00 with the weekly closing. Therefore, we still think that the duplicated harmonic formation might take the CD leg towards 1183.00 zones. Note that, potential fluctuation and retesting actions for the broken resistance might occur to relieve the momentum indicators before resuming the awaited bullishness during this week towards 1183.00"76.4% Fibonacci for the wave from the all-time high at 1125.00 to 1044.00". The problem is; we have to watch out the price actions around 1183.00 carefully as it might act as strong reversal areas.Recommendation Based on the charts and explanations above our opinion is, buying gold from 1155.00 targeting 1183.00 and stop loss below 1132.00 might be appropriate.
