Crude Oil (WTI) Levels: Further advance

Gold spot ($)

The downside prevails.

Gold


Stay on top of the markets with Swissquote’s News & Analysis


Pivot (invalidation): 1197.25

Our preference
Short positions below 1197.25 with targets at 1192.50 & 1190.00 in extension.

Alternative scenario
Above 1197.25 look for further upside with 1200.00 & 1202.00 as targets.

Comment
The RSI is bearish and calls for further downside.

 

Silver spot ($)

Turning down.

XAGUSD

Pivot (invalidation): 14.1600

Our preference
Short positions below 14.1600 with targets at 14.0500 & 13.9900 in extension.

Alternative scenario
Above 14.1600 look for further upside with 14.2300 & 14.3000 as targets.

Comment
The RSI is bearish and calls for further decline.

 

Crude Oil (WTI)

Further advance.

Crude Oil

Pivot (invalidation): 69.20

Our preference
Long positions above 69.20 with targets at 70.15 & 70.80 in extension.

Alternative scenario
Below 69.20 look for further downside with 68.50 & 67.90 as targets.

Comment
The RSI advocates for further advance.

This report has been prepared by AC Markets 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 AC Markets personnel at any given time. ACM 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.