Swissquote Bank Research Team
Swissquote Bank Ltd
Gold spot ($)
Further advance.
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Pivot (invalidation): 1215.50
Our preference
Long positions above 1215.50 with targets at 1226.50 & 1230.00 in extension.
Alternative scenario
Below 1215.50 look for further downside with 1210.50 & 1205.50 as targets.
Comment
The RSI advocates for further advance.
Silver spot ($)
Further advance.
Pivot (invalidation): 14.5200
Our preference
Long positions above 14.5200 with targets at 14.7000 & 14.7700 in extension.
Alternative scenario
Below 14.5200 look for further downside with 14.4300 & 14.3400 as targets.
Comment
The RSI is supported by a rising trend line.
Crude Oil (WTI)
Rebound expected.
Pivot (invalidation): 71.30
Our preference
Long positions above 71.30 with targets at 72.70 & 73.60 in extension.
Alternative scenario
Below 71.30 look for further downside with 70.90 & 70.50 as targets.
Comment
The RSI is supported by a bullish trend line.
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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