Silver Spot ($) Intraday: 16.8500 expected
|Gold spot ($)
Capped by a negative trend line.
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 1517.00
Our preference
Short positions below 1517.00 with targets at 1504.00 & 1496.00 in extension.
Alternative scenario
Above 1517.00 look for further upside with 1522.00 & 1528.00 as targets.
Comment
The RSI calls for a new downleg.
Silver spot ($)
16.8500 expected.
Pivot (invalidation): 17.1800
Our preference
Short positions below 17.1800 with targets at 17.0000 & 16.8500 in extension.
Alternative scenario
Above 17.1800 look for further upside with 17.2800 & 17.3800 as targets.
Comment
The RSI is bearish and calls for further decline.
Crude Oil (WTI)
Further upside.
Pivot (invalidation): 54.75
Our preference
Long positions above 54.75 with targets at 55.65 & 56.25 in extension.
Alternative scenario
Below 54.75 look for further downside with 54.30 & 53.75 as targets.
Comment
The RSI advocates 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.