Swissquote Bank Research Team
Swissquote Bank Ltd
Gold spot ($)
Target 1218.50.
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Pivot (invalidation): 1229.00
Our preference
Short positions below 1229.00 with targets at 1223.00 & 1218.50 in extension.
Alternative scenario
Above 1229.00 look for further upside with 1233.00 & 1236.50 as targets.
Comment
A break below 1223.00 would trigger a drop towards 1218.50.
Silver spot ($)
Under pressure.
Pivot (invalidation): 14.6500
Our preference
Short positions below 14.6500 with targets at 14.4600 & 14.3700 in extension.
Alternative scenario
Above 14.6500 look for further upside with 14.7100 & 14.8000 as targets.
Comment
The RSI lacks upward momentum.
Crude Oil (WTI)
Under pressure.
Pivot (invalidation): 62.10
Our preference
Short positions below 62.10 with targets at 61.20 & 60.75 in extension.
Alternative scenario
Above 62.10 look for further upside with 62.50 & 63.20 as targets.
Comment
The RSI lacks upward momentum.
This report has been prepared by Swissquote Bank Ltd 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 Swissquote Bank Ltd personnel at any given time. Swissquote Bank Ltd 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.
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