Crude oil (WTI) intraday: 40.90 expected

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot: Further upside

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Pivot (invalidation): 1772.00

Our preference
Long positions above 1772.00 with targets at 1793.00 & 1800.00 in extension.

Alternative scenario
Below 1772.00 look for further downside with 1764.00 & 1758.00 as targets.

Comment
The RSI calls for a new upleg.

Silver spot: Further upside

Pivot (invalidation): 18.0700

Our preference
Long positions above 18.0700 with targets at 18.3200 & 18.5000 in extension.

Alternative scenario
Below 18.0700 look for further downside with 17.9000 & 17.7600 as targets.

Comment
The RSI is bullish and calls for further advance.

Crude Oil (WTI): 40.90 expected

Pivot (invalidation): 38.85

Our preference
Long positions above 38.85 with targets at 40.10 & 40.90 in extension.

Alternative scenario
Below 38.85 look for further downside with 38.20 & 37.60 as targets.

Comment
The RSI is mixed to bullish.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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