Swissquote Bank Research Team
Swissquote Bank Ltd
Gold spot ($)
Capped by a negative trend line.
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Pivot (invalidation): 1276.25
Our preference
Short positions below 1276.25 with targets at 1269.25 & 1265.50 in extension.
Alternative scenario
Above 1276.25 look for further upside with 1279.00 & 1282.00 as targets.
Comment
The RSI calls for a drop.
Silver spot ($)
14.3100 in sight.
Pivot (invalidation): 14.4800
Our preference
Short positions below 14.4800 with targets at 14.3600 & 14.3100 in extension.
Alternative scenario
Above 14.4800 look for further upside with 14.5300 & 14.5700 as targets.
Comment
As Long as the resistance at 14.4800 is not surpassed, the risk of the break below 14.3600 remains high.
Crude Oil (WTI)
The downside prevails.
Pivot (invalidation): 63.20
Our preference
Short positions below 63.20 with targets at 62.20 & 61.75 in extension.
Alternative scenario
Above 63.20 look for further upside with 63.55 & 63.75 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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