Swissquote Bank Research Team
Swissquote Bank Ltd
Gold Spot ($)
Expect 1484.00.
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Pivot (invalidation): 1469.00
Our preference
Long positions above 1469.00 with targets at 1478.50 & 1484.00 in extension.
Alternative scenario
Below 1469.00 look for further downside with 1465.00 & 1462.50 as targets.
Comment
The RSI is bullish and calls for further advance.
Silver Spot ($)
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.
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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