Swissquote Bank Research Team
Swissquote Bank Ltd
Gold spot ($): Expect 1897.00
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Pivot (invalidation): 1926.00
Our preference
Short positions below 1926.00 with targets at 1904.00 & 1897.00 in extension.
Alternative scenario
Above 1926.00 look for further upside with 1931.00 & 1939.00 as targets.
Comment
The RSI is bearish and calls for further decline.
Silver spot ($): Key resistance at 25.0700
Pivot (invalidation): 25.0700
Our preference
Short positions below 25.0700 with targets at 24.5600 & 24.3300 in extension.
Alternative scenario
Above 25.0700 look for further upside with 25.2800 & 25.4500 as targets.
Comment
As Long as the resistance at 25.0700 is not surpassed, the risk of the break below 24.5600 remains high.
Crude Oil (WTI): The downside prevails
Pivot (invalidation): 40.15
Our preference
Short positions below 40.15 with targets at 39.55 & 39.35 in extension.
Alternative scenario
Above 40.15 look for further upside with 40.45 & 40.80 as targets.
Comment
A break below 39.55 would trigger a drop towards 39.35.
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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