Gold spot: Key resistance at 1906.00
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Pivot (invalidation): 1906.00
Our preference
Short positions below 1906.00 with targets at 1881.00 & 1872.00 in extension.
Alternative scenario
Above 1906.00 look for further upside with 1916.00 & 1925.00 as targets.
Comment
As Long as 1906.00 is resistance, look for choppy price action with a bearish bias.
Silver spot: Key resistance at 24.2000
Pivot (invalidation): 24.2000
Our preference
Short positions below 24.2000 with targets at 23.3700 & 23.1600 in extension.
Alternative scenario
Above 24.2000 look for further upside with 24.4900 & 24.8500 as targets.
Comment
As Long as 24.2000 is resistance, look for choppy price action with a bearish bias.
Crude Oil (WTI): Further upside
Pivot (invalidation): 37.45
Our preference
Long positions above 37.45 with targets at 39.80 & 40.30 in extension.
Alternative scenario
Below 37.45 look for further downside with 36.55 & 35.80 as targets.
Comment
The RSI advocates for further advance.
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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