Swissquote Bank Research Team
Swissquote Bank Ltd
Gold spot ($)
Target 1291.00.
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Pivot (invalidation): 1281.50
Our preference
Long positions above 1281.50 with targets at 1288.50 & 1291.00 in extension.
Alternative scenario
Below 1281.50 look for further downside with 1276.50 & 1272.50 as targets.
Comment
The RSI is bullish and calls for further upside.
Silver spot ($)
Bullish bias above 14.8000.
Pivot (invalidation): 14.8000
Our preference
Long positions above 14.8000 with targets at 14.9700 & 15.0700 in extension.
Alternative scenario
Below 14.8000 look for further downside with 14.7300 & 14.6400 as targets.
Comment
The RSI is mixed to bullish.
Crude Oil (WTI)
Turning up.
Pivot (invalidation): 61.15
Our preference
Long positions above 61.15 with targets at 62.50 & 62.95 in extension.
Alternative scenario
Below 61.15 look for further downside with 60.65 & 60.05 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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