Swissquote Bank Research Team
Swissquote Bank Ltd
Gold spot: The downside prevails
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Pivot (invalidation): 1820.00
Our preference
Short positions below 1820.00 with targets at 1791.00 & 1780.00 in extension.
Alternative scenario
Above 1820.00 look for further upside with 1831.00 & 1841.00 as targets.
Comment
The RSI calls for a new downleg.
Silver spot: Towards 22.7800
Pivot (invalidation): 23.5200
Our preference
Short positions below 23.5200 with targets at 22.9100 & 22.7800 in extension.
Alternative scenario
Above 23.5200 look for further upside with 23.7200 & 23.9000 as targets.
Comment
As Long as the resistance at 23.5200 is not surpassed, the risk of the break below 22.9100 remains high.
Crude Oil (WTI): The upside prevails
Pivot (invalidation): 44.70
Our preference
Long positions above 44.70 with targets at 46.00 & 46.60 in extension.
Alternative scenario
Below 44.70 look for further downside with 44.20 & 43.60 as targets.
Comment
The RSI is bullish and calls for further upside.
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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