Among the altcoins, XRP outperformed other coins and moved more than 35% in a single day. XRP made more than a three year high by crossing the previous high of $0.77. XRP is getting some positive outcomes from ongoing legal issues. Technically, XRP is trading just below 127.2% retracement which is at $0.9490, above that the next important level to watch is at 161.8% retracement at $1.16.
WTI CRUDE OIL
WTI Crude Oil has been trading sideways for almost two weeks now, hovering around the $60 mark for quite some time. It seems $60 is a make or break level for the Crude Oil as 50 days SMA is also at the same level. If it fails to cross $60-$62 mark, it might fall towards its next important support area which is at the $53.85 mark.
Silver prices fell last week below the $24 mark, however it recovered and managed to close near to $25. Robust jobs data last week suggests higher industrial activity which supports the Silver prices to rise. However, on a weekly basis $26.15 area is a major resistance of 78.6% retracement and previous swing high as well. For any further bullish momentum, Silver has to cross $26.15 while on the downside first support is near to $23.50 below that next major support is at $20. Technically, MACD and RSI both are suggesting further weakness in the prices.
In the last five weeks, Gold is having a difficult time to move decisively in either direction. It is trading in a range of $1760-1670. On a daily time frame RSI is moving sideways indicating no major move on either side. On a weekly basis, the $1665-50 area will provide initial support while on the higher side $1771 will be the first hurdle for any bullish momentum. If it manages to cross the $1771 area next important resistance is at $1859.
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