Crude Oil (WTI) Intraday: Under pressure

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Further advance.

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Pivot (invalidation): 1470.00

Our preference
Long positions above 1470.00 with targets at 1475.50 & 1479.50 in extension.

Alternative scenario
Below 1470.00 look for further downside with 1467.00 & 1465.00 as targets.

Comment
The RSI advocates for further upside.

Silver spot ($)

Target 17.2700.

Pivot (invalidation): 17.0500

Our preference
Long positions above 17.0500 with targets at 17.1800 & 17.2700 in extension.

Alternative scenario
Below 17.0500 look for further downside with 17.0000 & 16.9500 as targets.

Comment
The RSI calls for a new upleg.

Crude Oil (WTI)

Under pressure.

Pivot (invalidation): 55.75

Our preference
Short positions below 55.75 with targets at 55.00 & 54.40 in extension.

Alternative scenario
Above 55.75 look for further upside with 56.10 & 56.45 as targets.

Comment
The RSI is bearish and calls for further decline.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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