Gold spot ($)
Capped by a negative trend line.
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Pivot (invalidation): 1503.00
Our preference
Short positions below 1503.00 with targets at 1492.00 & 1485.00 in extension.
Alternative scenario
Above 1503.00 look for further upside with 1510.00 & 1515.00 as targets.
Comment
The RSI has just struck against its neutrality area at 50% and is reversing down.
Silver spot ($)
Capped by a negative trend line.
Pivot (invalidation): 17.0000
Our preference
Short positions below 17.0000 with targets at 16.7700 & 16.6600 in extension.
Alternative scenario
Above 17.0000 look for further upside with 17.0800 & 17.1800 as targets.
Comment
The RSI is mixed to bearish.
Crude Oil (WTI)
Further advance.
Pivot (invalidation): 55.50
Our preference
Long positions above 55.50 with targets at 56.55 & 57.30 in extension.
Alternative scenario
Below 55.50 look for further downside with 55.05 & 54.45 as targets.
Comment
The RSI is bullish and calls for further advance.
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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