Crude Oil (WTI) Intraday: expect 59.50

Swissquote Bank Research Team Swissquote Bank Ltd

Gold Spot ($)

Expect 1484.00.

Stay on top of the markets with Swissquote’s News & Analysis

Pivot (invalidation): 1469.00

Our preference
Long positions above 1469.00 with targets at 1478.50 & 1484.00 in extension.

Alternative scenario
Below 1469.00 look for further downside with 1465.00 & 1462.50 as targets.

Comment
The RSI is bullish and calls for further advance.

Silver Spot ($)

Towards 17.0800.

Pivot (invalidation): 16.7600

Our preference
Long positions above 16.7600 with targets at 16.9600 & 17.0800 in extension.

Alternative scenario
Below 16.7600 look for further downside with 16.6800 & 16.6100 as targets.

Comment
The RSI advocates for further advance.

Crude Oil (WTI)

Expect 59.50.

Pivot (invalidation): 58.60

Our preference
Long positions above 58.60 with targets at 59.20 & 59.50 in extension.

Alternative scenario
Below 58.60 look for further downside with 58.35 & 58.10 as targets.

Comment
The RSI is mixed to bullish.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

EUR/USD bounces off lows, back to 1.1860

EUR/USD now manages to regain some balance, retesting the 1.1860-1.1870 band after bottoming out near 1.1830 following the US NFP data on Wednesday. The pair, in the meantime, remains on the defensive amid fresh upside traction surrounding the US Dollar.

GBP/USD rebounds to 1.3660, USD loses momentum

GBP/USD trades with decent gains in the 1.3660 region, regaining composure following the post-NFP knee-jerk toward the 1.3600 zone on Wednesday. Cable, in the meantime, should now shift its attention to key UK data due on Thursday, including preliminary GDP gauges.

Gold stays bid, still below $5,100

Gold keeps the bid tone well in place on Wednesday, retargeting the $5,100 zone per troy ounce on the back of humble gains in the US Dollar and firm US Treasury yields across the curve. Moving forward, the yellow metal’s next test will come from the release of US CPI figures on Friday.