Swissquote Bank Research Team
Swissquote Bank Ltd
Gold spot ($)
Caution.
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Pivot (invalidation): 1300.00
Our preference
Long positions above 1300.00 with targets at 1306.00 & 1308.50 in extension.
Alternative scenario
Below 1300.00 look for further downside with 1296.00 & 1291.00 as targets.
Comment
The RSI is mixed and calls for caution.
Silver spot ($)
Break of a ST rising trendline support.
Pivot (invalidation): 15.2500
Our preference
Short positions below 15.2500 with targets at 15.0400 & 14.9800 in extension.
Alternative scenario
Above 15.2500 look for further upside with 15.3400 & 15.4600 as targets.
Comment
The RSI shows downside momentum.
Crude Oil (WTI)
Consolidation.
Pivot (invalidation): 64.45
Our preference
Short positions below 64.45 with targets at 63.70 & 63.50 in extension.
Alternative scenario
Above 64.45 look for further upside with 64.75 & 65.20 as targets.
Comment
As Long as 64.45 is resistance, expect a return to 63.70.
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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