Swissquote Bank Research Team
Swissquote Bank Ltd
Gold spot: Bullish bias above 1862.00
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Pivot (invalidation): 1862.00
Our preference
Long positions above 1862.00 with targets at 1890.00 & 1900.00 in extension.
Alternative scenario
Below 1862.00 look for further downside with 1850.00 & 1839.00 as targets.
Comment
The RSI is mixed to bullish.
Silver spot: The bias remains bullish
Pivot (invalidation): 24.0200
Our preference
Long positions above 24.0200 with targets at 24.4900 & 24.6900 in extension.
Alternative scenario
Below 24.0200 look for further downside with 23.7500 & 23.5500 as targets.
Comment
The RSI is mixed to bullish.
Crude Oil (WTI): Under pressure
Pivot (invalidation): 41.30
Our preference
Short positions below 41.30 with targets at 39.40 & 38.90 in extension.
Alternative scenario
Above 41.30 look for further upside with 42.20 & 43.05 as targets.
Comment
The RSI shows downside 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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