Silver Spot ($) Intraday: bounce

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.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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