Crude Oil (WTI) Intraday: Capped by a negative trend line
|Gold spot ($)
The bias remains bullish.
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 1498.00
Our preference
Long positions above 1498.00 with targets at 1516.00 & 1519.50 in extension.
Alternative scenario
Below 1498.00 look for further downside with 1492.50 & 1488.50 as targets.
Comment
The RSI is mixed to bullish.
Silver spot ($)
The bias remains bullish.
Pivot (invalidation): 17.6100
Our preference
Long positions above 17.6100 with targets at 17.8500 & 18.0000 in extension.
Alternative scenario
Below 17.6100 look for further downside with 17.4700 & 17.3500 as targets.
Comment
The RSI is mixed with a bullish bias.
Crude Oil (WTI)
Capped by a negative trend line.
Pivot (invalidation): 52.80
Our preference
Short positions below 52.80 with targets at 52.15 & 51.80 in extension.
Alternative scenario
Above 52.80 look for further upside with 53.25 & 53.60 as targets.
Comment
Technically the RSI is below its neutrality area at 50.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.