Crude Oil (WTI) Intraday: turning down

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Further advance.

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Pivot (invalidation): 1582.00

Our preference
Long positions above 1582.00 with targets at 1590.00 & 1594.00 in extension.

Alternative scenario
Below 1582.00 look for further downside with 1578.50 & 1573.50 as targets.

Comment
The RSI is bullish and calls for further advance.

Silver spot ($)

Further upside.

Pivot (invalidation): 17.7600

Our preference
Long positions above 17.7600 with targets at 18.0000 & 18.1200 in extension.

Alternative scenario
Below 17.7600 look for further downside with 17.6700 & 17.5900 as targets.

Comment
The RSI is bullish and calls for further advance.

Crude Oil (WTI)

Turning down.

Pivot (invalidation): 52.20

Our preference
Short positions below 52.20 with targets at 51.35 & 50.90 in extension.

Alternative scenario
Above 52.20 look for further upside with 52.40 & 52.75 as targets.

Comment
The RSI advocates for further decline.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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