Swissquote Bank Research Team
Swissquote Bank Ltd
Gold spot ($)
Key resistance at 1491.00.
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Pivot (invalidation): 1491.00
Our preference
Short positions below 1491.00 with targets at 1479.00 & 1474.00 in extension.
Alternative scenario
Above 1491.00 look for further upside with 1498.00 & 1503.00 as targets.
Comment
The RSI is mixed to bearish.
Silver spot ($)
Bounce.
Pivot (invalidation): 17.4600
Our preference
Long positions above 17.4600 with targets at 17.6800 & 17.7500 in extension.
Alternative scenario
Below 17.4600 look for further downside with 17.3800 & 17.3200 as targets.
Comment
The RSI calls for a bounce.
Crude Oil (WTI)
Further upside.
Pivot (invalidation): 54.05
Our preference
Long positions above 54.05 with targets at 54.90 & 55.20 in extension.
Alternative scenario
Below 54.05 look for further downside with 53.65 & 53.10 as targets.
Comment
The RSI is bullish and calls for further advance.
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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