Crude Oil (WTI) Intraday: Aim @ 60.05

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Supported by a rising trend line.

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Pivot (invalidation): 1316.00

Our preference
Long positions above 1316.00 with targets at 1327.50 & 1333.00 in extension.

Alternative scenario
Below 1316.00 look for further downside with 1310.00 & 1307.00 as targets.

Comment
The RSI is bullish and calls for further upside.

Silver spot ($)

Bullish bias above 15.4600.

Pivot (invalidation): 15.4600

Our preference
Long positions above 15.4600 with targets at 15.6300 & 15.7000 in extension.

Alternative scenario
Below 15.4600 look for further downside with 15.4100 & 15.3400 as targets.

Comment
The RSI lacks downward momentum.

Crude Oil (WTI)

Aim @ 60.05.

Pivot (invalidation): 58.75

Our preference
Long positions above 58.75 with targets at 59.60 & 60.05 in extension.

Alternative scenario
Below 58.75 look for further downside with 58.20 & 57.75 as targets.

Comment
The RSI is mixed to bullish.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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