Crude Oil (WTI) Intraday: The bias remains bullish

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Further advance.

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Pivot (invalidation): 1321.50

Our preference
Long positions above 1321.50 with targets at 1328.00 & 1333.00 in extension.

Alternative scenario
Below 1321.50 look for further downside with 1317.50 & 1314.00 as targets.

Comment
The RSI is mixed to bullish.

Silver spot ($)

Bullish bias above 15.7200.

Pivot (invalidation): 15.7200

Our preference
Long positions above 15.7200 with targets at 15.8600 & 15.9300 in extension.

Alternative scenario
Below 15.7200 look for further downside with 15.6500 & 15.5700 as targets.

Comment
The RSI is mixed to bullish.

Crude Oil (WTI)

The bias remains bullish.

Pivot (invalidation): 55.40

Our preference
Long positions above 55.40 with targets at 56.35 & 56.90 in extension.

Alternative scenario
Below 55.40 look for further downside with 55.05 & 54.65 as targets.

Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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