Crude Oil (WTI) Intraday: The downside prevails

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.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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