Swissquote Bank Research Team
Swissquote Bank Ltd
Gold spot ($)
Bullish bias above 1495.00.
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Pivot (invalidation): 1495.00
Our preference
Long positions above 1495.00 with targets at 1506.00 & 1512.00 in extension.
Alternative scenario
Below 1495.00 look for further downside with 1491.00 & 1486.00 as targets.
Comment
The RSI is mixed to bullish.
Silver spot ($)
The bias remains bullish.
Pivot (invalidation): 17.7300
Our preference
Long positions above 17.7300 with targets at 18.0000 & 18.1900 in extension.
Alternative scenario
Below 17.7300 look for further downside with 17.5300 & 17.3800 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Crude Oil (WTI)
Bullish bias above 60.80.
Pivot (invalidation): 60.80
Our preference
Long positions above 60.80 with targets at 63.35 & 64.30 in extension.
Alternative scenario
Below 60.80 look for further downside with 59.55 & 58.70 as targets.
Comment
The RSI lacks downward 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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