Swissquote Bank Research Team
Swissquote Bank Ltd
Gold spot ($)
Expect 1517.00
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Pivot (invalidation): 1495.00
Our preference
Long positions above 1495.00 with targets at 1510.00 & 1517.00 in extension.
Alternative scenario
Below 1495.00 look for further downside with 1489.00 & 1481.00 as targets.
Comment
The RSI is mixed to bullish.
Silver spot ($)
Further advance
Pivot (invalidation): 16.8900
Our preference
Long positions above 16.8900 with targets at 17.2100 & 17.3200 in extension.
Alternative scenario
Below 16.8900 look for further downside with 16.7800 & 16.6600 as targets.
Comment
The RSI is bullish and calls for further upside.
Crude Oil (WTI)
The bias remains bullish
Pivot (invalidation): 52.25
Our preference
Long positions above 52.25 with targets at 53.15 & 53.75 in extension.
Alternative scenario
Below 52.25 look for further downside with 51.70 & 51.25 as targets.
Comment
The RSI is mixed to bullish.
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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