Gold spot ($): Further advance
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Pivot (invalidation): 1941.00
Our preference
Long positions above 1941.00 with targets at 1964.00 & 1974.00 in extension.
Alternative scenario
Below 1941.00 look for further downside with 1932.00 & 1921.00 as targets.
Comment
The RSI is bullish and calls for further advance.
Silver spot ($): 27.4300 expected
Pivot (invalidation): 26.7700
Our preference
Long positions above 26.7700 with targets at 27.2000 & 27.4300 in extension.
Alternative scenario
Below 26.7700 look for further downside with 26.5400 & 26.2600 as targets.
Comment
The RSI is mixed with a bullish bias.
Crude Oil (WTI): The bias remains bullish
Pivot (invalidation): 40.30
Our preference
Long positions above 40.30 with targets at 41.75 & 42.25 in extension.
Alternative scenario
Below 40.30 look for further downside with 39.75 & 39.40 as targets.
Comment
The RSI is mixed with a bullish 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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