Swissquote Bank Research Team
Swissquote Bank Ltd
Gold spot: The bias remains bullish
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Pivot (invalidation): 1765.50
Our preference
Long positions above 1765.50 with targets at 1776.00 & 1779.00 in extension.
Alternative scenario
Below 1765.50 look for further downside with 1758.00 & 1755.00 as targets.
Comment
The RSI is mixed to bullish.
Silver spot: Expect 18.0700
Pivot (invalidation): 17.7500
Our preference
Long positions above 17.7500 with targets at 17.9700 & 18.0700 in extension.
Alternative scenario
Below 17.7500 look for further downside with 17.6700 & 17.5500 as targets.
Comment
The RSI is bullish and calls for further advance.
Crude Oil (WTI): Bullish bias above 38.80
Pivot (invalidation): 38.80
Our preference
Long positions above 38.80 with targets at 39.90 & 40.50 in extension.
Alternative scenario
Below 38.80 look for further downside with 38.20 & 37.60 as targets.
Comment
The RSI has just landed on its neutrality area at 50% and is turning up.
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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