Silver spot ($) Intraday: 14.3100 expected

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.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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