Swissquote Bank Research Team
Swissquote Bank Ltd
Gold Spot ($)
Under pressure.
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Pivot (invalidation): 1465.50
Our preference
Short positions below 1465.50 with targets at 1458.50 & 1454.00 in extension.
Alternative scenario
Above 1465.50 look for further upside with 1468.00 & 1471.00 as targets.
Comment
The RSI is mixed with a bearish bias.
Silver Spot ($)
Under pressure.
Pivot (invalidation): 16.6800
Our preference
Short positions below 16.6800 with targets at 16.5000 & 16.4100 in extension.
Alternative scenario
Above 16.6800 look for further upside with 16.7800 & 16.8700 as targets.
Comment
The RSI lacks upward momentum.
Crude Oil (WTI)
Rebound expected.
Pivot (invalidation): 58.55
Our preference
Long positions above 58.55 with targets at 59.50 & 59.85 in extension.
Alternative scenario
Below 58.55 look for further downside with 58.25 & 57.70 as targets.
Comment
The RSI is mixed to bullish.
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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