Crude Oil (WTI) Intraday: supported by a rising trend line

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Towards 1521.50.

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Pivot (invalidation): 1506.50

Our preference
Long positions above 1506.50 with targets at 1516.00 & 1521.50 in extension.

Alternative scenario
Below 1506.50 look for further downside with 1500.00 & 1497.00 as targets.

Comment
The RSI is bullish and calls for further advance.

Silver spot ($)

Look for 18.2200.

Pivot (invalidation): 17.7400

Our preference
Long positions above 17.7400 with targets at 18.0500 & 18.2200 in extension.

Alternative scenario
Below 17.7400 look for further downside with 17.6400 & 17.5200 as targets.

Comment
The RSI has just landed on its neutrality area at 50% and is turning up.

Crude Oil (WTI)

Supported by a rising trend line.

Pivot (invalidation): 61.35

Our preference
Long positions above 61.35 with targets at 62.05 & 62.50 in extension.

Alternative scenario
Below 61.35 look for further downside with 61.05 & 60.80 as targets.

Comment
The RSI is bullish and calls for further advance.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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