Silver Spot ($) Intraday: Bullish bias above 14.8000

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.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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