Swissquote Bank Research Team
Swissquote Bank Ltd
Gold spot ($)
The bias remains bullish.
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Pivot (invalidation): 1498.00
Our preference
Long positions above 1498.00 with targets at 1516.00 & 1519.50 in extension.
Alternative scenario
Below 1498.00 look for further downside with 1492.50 & 1488.50 as targets.
Comment
The RSI is mixed to bullish.
Silver spot ($)
The bias remains bullish.
Pivot (invalidation): 17.6100
Our preference
Long positions above 17.6100 with targets at 17.8500 & 18.0000 in extension.
Alternative scenario
Below 17.6100 look for further downside with 17.4700 & 17.3500 as targets.
Comment
The RSI is mixed with a bullish bias.
Crude Oil (WTI)
Capped by a negative trend line.
Pivot (invalidation): 52.80
Our preference
Short positions below 52.80 with targets at 52.15 & 51.80 in extension.
Alternative scenario
Above 52.80 look for further upside with 53.25 & 53.60 as targets.
Comment
Technically the RSI is below its neutrality area at 50.
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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