Crude Oil (WTI) Intraday: Turning up

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Bullish bias above 1605.00.

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Pivot (invalidation): 1605.00

Our preference
Long positions above 1605.00 with targets at 1627.00 & 1637.00 in extension.

Alternative scenario
Below 1605.00 look for further downside with 1595.00 & 1585.00 as targets.

Comment
The RSI has just landed on its neutrality area at 50% and is turning up.

Silver spot ($)

Intraday support around 14.2200.

Pivot (invalidation): 14.2200

Our preference
Long positions above 14.2200 with targets at 14.5500 & 14.7100 in extension.

Alternative scenario
Below 14.2200 look for further downside with 14.1000 & 14.0000 as targets.

Comment
The RSI is mixed with a bullish bias.

Crude Oil (WTI)

Turning up.

Pivot (invalidation): 26.00

Our preference
Long positions above 26.00 with targets at 28.10 & 29.10 in extension.

Alternative scenario
Below 26.00 look for further downside with 25.30 & 24.40 as targets.

Comment
The RSI calls for a rebound.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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