Crude Oil (WTI) intraday: Caution

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($): Look for 1990.00

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Pivot (invalidation): 1954.00

Our preference
Long positions above 1954.00 with targets at 1981.00 & 1990.00 in extension.

Alternative scenario
Below 1954.00 look for further downside with 1946.00 & 1938.50 as targets.

Comment
The RSI calls for a new upleg.

Silver spot ($): Rebound

Pivot (invalidation): 23.2500

Our preference
Long positions above 23.2500 with targets at 23.7300 & 24.0800 in extension.

Alternative scenario
Below 23.2500 look for further downside with 22.8900 & 22.5700 as targets.

Comment
The RSI calls for a bounce.

Crude Oil (WTI): Caution

Pivot (invalidation): 39.90

Our preference
Long positions above 39.90 with targets at 40.45 & 40.70 in extension.

Alternative scenario
Below 39.90 look for further downside with 39.50 & 39.15 as targets.

Comment
The RSI is mixed and calls for caution.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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