Swissquote Bank Research Team
Swissquote Bank Ltd
Gold Spot ($)
Under pressure.
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Pivot (invalidation): 1557.50
Our preference
Short positions below 1557.50 with targets at 1546.00 & 1542.00 in extension.
Alternative scenario
Above 1557.50 look for further upside with 1561.00 & 1564.50 as targets.
Comment
The RSI advocates for further downside.
Silver Spot ($)
Look for 17.5100.
Pivot (invalidation): 17.8100
Our preference
Short positions below 17.8100 with targets at 17.6100 & 17.5100 in extension.
Alternative scenario
Above 17.8100 look for further upside with 17.9100 & 18.0400 as targets.
Comment
A break below 17.6100 would trigger a drop towards 17.5100.
Crude Oil (WTI)
Caution.
Pivot (invalidation): 58.05
Our preference
Long positions above 58.05 with targets at 58.35 & 58.55 in extension.
Alternative scenario
Below 58.05 look for further downside with 57.70 & 57.40 as targets.
Comment
The RSI is mixed and calls for caution.
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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