Crude Oil (WTI) Intraday: Further advance

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Further advance.

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Pivot (invalidation): 1310.00

Our preference
Long positions above 1310.00 with targets at 1314.25 & 1316.50 in extension.

Alternative scenario
Below 1310.00 look for further downside with 1308.00 & 1306.00 as targets.

Comment
The RSI advocates for further upside.

Silver spot ($)

Key resistance at 15.7700.

Pivot (invalidation): 15.7700

Our preference
Short positions below 15.7700 with targets at 15.6600 & 15.6200 in extension.

Alternative scenario
Above 15.7700 look for further upside with 15.8300 & 15.8700 as targets.

Comment
The RSI is mixed with a bearish bias.

Crude Oil (WTI)

Further advance.

Pivot (invalidation): 53.10

Our preference
Long positions above 53.10 with targets at 54.05 & 54.55 in extension.

Alternative scenario
Below 53.10 look for further downside with 52.55 & 52.15 as targets.

Comment
The RSI advocates for further upside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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