Crude oil (WTI) intraday: Target 38.50

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($): Under pressure

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Pivot (invalidation): 1910.00

Our preference
Short positions below 1910.00 with targets at 1882.00 & 1872.00 in extension.

Alternative scenario
Above 1910.00 look for further upside with 1920.00 & 1927.00 as targets.

Comment
The RSI is bearish and calls for further downside.

Silver spot ($): The downside prevails

Pivot (invalidation): 24.5000

Our preference
Short positions below 24.5000 with targets at 23.6500 & 23.2500 in extension.

Alternative scenario
Above 24.5000 look for further upside with 24.7500 & 25.0000 as targets.

Comment
The RSI advocates for further downside.

Crude Oil (WTI): Target 38.50

Pivot (invalidation): 40.00

Our preference
Short positions below 40.00 with targets at 38.85 & 38.50 in extension.

Alternative scenario
Above 40.00 look for further upside with 40.25 & 40.55 as targets.

Comment
The RSI calls for a new downleg.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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