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.
This report has been prepared by Swissquote Bank Ltd and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by Swissquote Bank Ltd personnel at any given time. Swissquote Bank Ltd is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.
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