Silver spot Intraday: 17.0400 expected

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

The bias remains bullish.

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Pivot (invalidation): 1458.00

Our preference
Long positions above 1458.00 with targets at 1466.50 & 1469.00 in extension.

Alternative scenario
Below 1458.00 look for further downside with 1453.50 & 1450.00 as targets.

Comment
The RSI is mixed with a bullish bias.

Silver spot ($)

17.0400 expected.

Pivot (invalidation): 16.8400

Our preference
Long positions above 16.8400 with targets at 16.9900 & 17.0400 in extension.

Alternative scenario
Below 16.8400 look for further downside with 16.7900 & 16.7200 as targets.

Comment
The RSI is mixed to bullish.

Crude Oil (WTI)

Key resistance at 56.60.

Pivot (invalidation): 56.60

Our preference
Short positions below 56.60 with targets at 55.65 & 55.00 in extension.

Alternative scenario
Above 56.60 look for further upside with 57.20 & 57.65 as targets.

Comment
As Long as 56.60 is resistance, look for choppy price action with a bearish bias.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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