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.
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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