Crude Oil (WTI) Intraday: caution

Swissquote Bank Research Team Swissquote Bank Ltd

Gold Spot ($)

Look for 1452.00.

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Pivot (invalidation): 1479.00

Our preference
Short positions below 1479.00 with targets at 1460.00 & 1452.00 in extension.

Alternative scenario
Above 1479.00 look for further upside with 1488.00 & 1494.00 as targets.

Comment
As Long as the resistance at 1479.00 is not surpassed, the risk of the break below 1460.00 remains high.

Silver Spot ($)

Under pressure.

Pivot (invalidation): 17.1500

Our preference
Short positions below 17.1500 with targets at 16.9300 & 16.7800 in extension.

Alternative scenario
Above 17.1500 look for further upside with 17.3600 & 17.4800 as targets.

Comment
A break below 16.9300 would trigger a drop towards 16.7800.

Crude Oil (WTI)

Caution.

Pivot (invalidation): 56.80

Our preference
Long positions above 56.80 with targets at 57.20 & 57.55 in extension.

Alternative scenario
Below 56.80 look for further downside with 56.55 & 56.25 as targets.

Comment
The RSI is mixed and calls for caution.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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