Gold
Gold (XAU/USD) remains stuck in a sideways consolidation with little movement yesterday.
We should have resistance at 2335/40 today if you want to try a short-term scalp with stop above 2340.
A break higher can target 2345/50 and perhaps as far as 2365/70.
Targets: 2325, 2320, perhaps as far as 2315 for profit taking.
Silver
Silver (XAG/USD) is in a 4-month bull trend and will remain so if we hold on to support at 2915/2895 this week.
If you want to gamble on a long here, stop loss below 2875.
Targets: 2940, 2970, 3000.
However, a break below 2875 could be a sell signal targeting 2850 and 2810/2800.
We should meet resistance at 3010/3030 and shorts need stops above 3040.
Targets: 2970, 2940.
WTI Crude August Future
Last session low and high for the AUGUST contract: 8023 - 8178.
WTI Crude August made a low for the day exactly at support at 8030/8000 and shot higher to 8178 for up to 150 ticks profit on the day.
If we continue higher look for 8190, 8235 and even 8270 is possible.
If prices reverse again and retest support at 8030/8000, longs need stops below 7940.
A break lower could be a sell signal targeting 7840/7800.