Swissquote Bank Research Team
Swissquote Bank Ltd
Gold spot ($)
Bullish bias above 1608.00.
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Pivot (invalidation): 1608.00
Our preference
Long positions above 1608.00 with targets at 1645.00 & 1659.00 in extension.
Alternative scenario
Below 1608.00 look for further downside with 1594.00 & 1578.00 as targets.
Comment
The RSI is mixed to bullish.
Silver spot ($)
Look for 15.0900.
Pivot (invalidation): 14.2300
Our preference
Long positions above 14.2300 with targets at 14.7100 & 15.0900 in extension.
Alternative scenario
Below 14.2300 look for further downside with 13.9700 & 13.6100 as targets.
Comment
The RSI is mixed with a bullish bias.
Crude Oil (WTI)
Capped by a negative trend line.
Pivot (invalidation): 23.45
Our preference
Short positions below 23.45 with targets at 22.40 & 21.80 in extension.
Alternative scenario
Above 23.45 look for further upside with 24.20 & 24.65 as targets.
Comment
A break below 22.40 would trigger a drop towards 21.80.
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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