Gold Spot ($)
The bias remains bullish.
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Pivot (invalidation): 1483.00
Our preference
Long positions above 1483.00 with targets at 1493.00 & 1498.50 in extension.
Alternative scenario
Below 1483.00 look for further downside with 1478.00 & 1474.00 as targets.
Comment
The RSI is mixed to bullish.
Silver Spot ($)
Bullish bias above 17.2600.
Pivot (invalidation): 17.2600
Our preference
Long positions above 17.2600 with targets at 17.4700 & 17.5700 in extension.
Alternative scenario
Below 17.2600 look for further downside with 17.1500 & 17.0500 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Crude Oil (WTI)
Range.
Pivot (invalidation): 53.25
Our preference
Short positions below 53.25 with targets at 52.75 & 52.40 in extension.
Alternative scenario
Above 53.25 look for further upside with 53.75 & 54.10 as targets.
Comment
The RSI is below its neutrality area at 50%
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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