Swissquote Bank Research Team
Swissquote Bank Ltd
Gold spot ($)
Key resistance at 1279.00.
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Pivot (invalidation): 1279.00
Our preference
Short positions below 1279.00 with targets at 1273.50 & 1270.50 in extension.
Alternative scenario
Above 1279.00 look for further upside with 1282.00 & 1284.50 as targets.
Comment
A break below 1273.50 would trigger a drop towards 1270.50.
Silver spot ($)
14.3100 expected.
Pivot (invalidation): 14.5000
Our preference
Short positions below 14.5000 with targets at 14.3600 & 14.3100 in extension.
Alternative scenario
Above 14.5000 look for further upside with 14.5700 & 14.6100 as targets.
Comment
As Long as 14.5000 is resistance, expect a return to 14.3600.
Crude Oil (WTI)
64.30 expected.
Pivot (invalidation): 62.80
Our preference
Long positions above 62.80 with targets at 63.95 & 64.30 in extension.
Alternative scenario
Below 62.80 look for further downside with 62.45 & 62.15 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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