Crude Oil (WTI) Intraday: supported by a rising trend line
|Gold spot ($)
Towards 1521.50.
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 1506.50
Our preference
Long positions above 1506.50 with targets at 1516.00 & 1521.50 in extension.
Alternative scenario
Below 1506.50 look for further downside with 1500.00 & 1497.00 as targets.
Comment
The RSI is bullish and calls for further advance.
Silver spot ($)
Look for 18.2200.
Pivot (invalidation): 17.7400
Our preference
Long positions above 17.7400 with targets at 18.0500 & 18.2200 in extension.
Alternative scenario
Below 17.7400 look for further downside with 17.6400 & 17.5200 as targets.
Comment
The RSI has just landed on its neutrality area at 50% and is turning up.
Crude Oil (WTI)
Supported by a rising trend line.
Pivot (invalidation): 61.35
Our preference
Long positions above 61.35 with targets at 62.05 & 62.50 in extension.
Alternative scenario
Below 61.35 look for further downside with 61.05 & 60.80 as targets.
Comment
The RSI is bullish and calls for further advance.
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.