Crude Oil (WTI) Intraday: The downside prevails
|Gold spot ($)
Further upside.
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 1190.00
Our preference
Long positions above 1190.00 with targets at 1197.00 & 1200.00 in extension.
Alternative scenario
Below 1190.00 look for further downside with 1186.00 & 1183.00 as targets.
Comment
The RSI is mixed to bullish.
Silver spot ($)
Further upside.
Pivot (invalidation): 14.2200
Our preference
Long positions above 14.2200 with targets at 14.4200 & 14.4900 in extension.
Alternative scenario
Below 14.2200 look for further downside with 14.1500 & 14.0500 as targets.
Comment
The RSI is supported by a rising trend line.
Crude Oil (WTI)
The downside prevails.
Pivot (invalidation): 72.75
Our preference
Short positions below 72.75 with targets at 71.25 & 70.65 in extension.
Alternative scenario
Above 72.75 look for further upside with 73.60 & 74.20 as targets.
Comment
The RSI has broken down its 30 level.
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.