Crude Oil (WTI) Intraday: the bias remains bullish

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Bullish bias above 1603.00.

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Pivot (invalidation): 1603.00

Our preference
Long positions above 1603.00 with targets at 1643.00 & 1668.00 in extension.

Alternative scenario
Below 1603.00 look for further downside with 1585.00 & 1558.00 as targets.

Comment
The RSI is above its neutrality area at 50%.

Silver spot ($)

Bullish bias above 14.0400.

Pivot (invalidation): 14.0400

Our preference
Long positions above 14.0400 with targets at 14.7000 & 14.9000 in extension.

Alternative scenario
Below 14.0400 look for further downside with 13.7700 & 13.4500 as targets.

Comment
The RSI is mixed with a bullish bias.

Crude Oil (WTI)

The bias remains bullish.

Pivot (invalidation): 23.50

Our preference
Long positions above 23.50 with targets at 26.25 & 27.20 in extension.

Alternative scenario
Below 23.50 look for further downside with 22.60 & 21.75 as targets.

Comment
The RSI is mixed to bullish.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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