Swissquote Bank Research Team
Swissquote Bank Ltd
Gold spot ($)
Further upside.
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Pivot (invalidation): 1190.00
Our preference
Long positions above 1190.00 with targets at 1197.00 & 1200.00 in extension.
Alternative scenario
Below 1190.00 look for further downside with 1186.00 & 1183.00 as targets.
Comment
The RSI is mixed to bullish.
Silver spot ($)
Further upside.
Pivot (invalidation): 14.2200
Our preference
Long positions above 14.2200 with targets at 14.4200 & 14.4900 in extension.
Alternative scenario
Below 14.2200 look for further downside with 14.1500 & 14.0500 as targets.
Comment
The RSI is supported by a rising trend line.
Crude Oil (WTI)
The downside prevails.
Pivot (invalidation): 72.75
Our preference
Short positions below 72.75 with targets at 71.25 & 70.65 in extension.
Alternative scenario
Above 72.75 look for further upside with 73.60 & 74.20 as targets.
Comment
The RSI has broken down its 30 level.
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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