Swissquote Bank Research Team
Swissquote Bank Ltd
Gold spot ($)
Further upside.
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Pivot (invalidation): 1282.50
Our preference
Long positions above 1282.50 with targets at 1290.00 & 1295.00 in extension.
Alternative scenario
Below 1282.50 look for further downside with 1279.00 & 1274.00 as targets.
Comment
The RSI is mixed to bullish.
Silver spot ($)
The bias remains bullish.
Pivot (invalidation): 15.0000
Our preference
Long positions above 15.0000 with targets at 15.1100 & 15.1800 in extension.
Alternative scenario
Below 15.0000 look for further downside with 14.9600 & 14.8900 as targets.
Comment
The RSI lacks downward momentum.
Crude Oil (WTI)
Key resistance at 63.60.
Pivot (invalidation): 63.60
Our preference
Short positions below 63.60 with targets at 62.30 & 61.95 in extension.
Alternative scenario
Above 63.60 look for further upside with 64.35 & 64.80 as targets.
Comment
As Long as the resistance at 63.60 is not surpassed, the risk of the break below 62.30 remains high.
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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