Crude Oil (WTI) Intraday: Rebound expected

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.
Author

Swissquote Bank Research Team
Swissquote Bank Ltd




















