Swissquote Bank Research Team
Swissquote Bank Ltd
Gold spot ($)
Expect 1710.00.
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Pivot (invalidation): 1740.00
Our preference
Short positions below 1740.00 with targets at 1716.00 & 1710.00 in extension.
Alternative scenario
Above 1740.00 look for further upside with 1748.00 & 1754.00 as targets.
Comment
The RSI is mixed with a bearish bias.
Silver spot ($)
16.7700 expected.
Pivot (invalidation): 17.2400
Our preference
Short positions below 17.2400 with targets at 16.8900 & 16.7700 in extension.
Alternative scenario
Above 17.2400 look for further upside with 17.4000 & 17.5700 as targets.
Comment
The RSI is bearish and calls for further downside.
Crude Oil (WTI)
Rebound expected.
Pivot (invalidation): 32.45
Our preference
Long positions above 32.45 with targets at 34.10 & 34.65 in extension.
Alternative scenario
Below 32.45 look for further downside with 31.75 & 31.35 as targets.
Comment
The RSI is bullish and calls for further upside.
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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