Crude Oil (WTI) Intraday: 57.20 expected

Swissquote Bank Research Team Swissquote Bank Ltd

Gold Spot ($)

The downside prevails.

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Pivot (invalidation): 1548.00

Our preference
Short positions below 1548.00 with targets at 1531.00 & 1524.00 in extension.

Alternative scenario
Above 1548.00 look for further upside with 1556.00 & 1562.00 as targets.

Comment
The RSI has broken down its 30 level.

Silver Spot ($)

Expect 17.5300.

Pivot (invalidation): 17.9200

Our preference
Short positions below 17.9200 with targets at 17.6800 & 17.5300 in extension.

Alternative scenario
Above 17.9200 look for further upside with 18.0300 & 18.1500 as targets.

Comment
The RSI shows downside momentum.

Crude Oil (WTI)

57.20 expected.

Pivot (invalidation): 58.65

Our preference
Short positions below 58.65 with targets at 57.70 & 57.20 in extension.

Alternative scenario
Above 58.65 look for further upside with 59.25 & 59.75 as targets.

Comment
The immediate trend remains down and the momentum is strong.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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