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.
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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