Swissquote Bank Research Team
Swissquote Bank Ltd
Gold spot: Turning up
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Pivot (invalidation): 1876.00
Our preference
Long positions above 1876.00 with targets at 1894.00 & 1900.00 in extension.
Alternative scenario
Below 1876.00 look for further downside with 1869.00 & 1862.00 as targets.
Comment
The RSI is bullish and calls for further upside.
Silver spot: Turning up
Pivot (invalidation): 26.1100
Our preference
Long positions above 26.1100 with targets at 26.7700 & 27.0000 in extension.
Alternative scenario
Below 26.1100 look for further downside with 25.9200 & 25.7400 as targets.
Comment
The RSI is bullish and calls for further advance.
Crude Oil (WTI): Rebound
Pivot (invalidation): 47.75
Our preference
Long positions above 47.75 with targets at 48.60 & 48.95 in extension.
Alternative scenario
Below 47.75 look for further downside with 47.50 & 47.20 as targets.
Comment
The RSI is mixed with a bullish bias.
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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