Crude Oil (WTI) Intraday: Bullish bias above 68.50

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Further advance.

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Pivot (invalidation): 1223.50

Our preference
Long positions above 1223.50 with targets at 1230.00 & 1233.00 in extension.

Alternative scenario
Below 1223.50 look for further downside with 1221.00 & 1218.50 as targets.

Comment
The RSI is mixed to bullish.

Silver spot ($)

The bias remains bullish.

Pivot (invalidation): 14.5100

Our preference
Long positions above 14.5100 with targets at 14.6600 & 14.7200 in extension.

Alternative scenario
Below 14.5100 look for further downside with 14.4300 & 14.3300 as targets.

Comment
The RSI is mixed to bullish.

Crude Oil (WTI)

Bullish bias above 68.50.

Pivot (invalidation): 68.50

Our preference
Long positions above 68.50 with targets at 69.20 & 69.60 in extension.

Alternative scenario
Below 68.50 look for further downside with 68.20 & 67.80 as targets.

Comment
The RSI is mixed with a bullish bias.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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