Swissquote Bank Research Team
Swissquote Bank Ltd
Gold spot ($)
Bullish bias above 1413.00.
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Pivot (invalidation): 1413.00
Our preference
Long positions above 1413.00 with targets at 1430.00 & 1437.50 in extension.
Alternative scenario
Below 1413.00 look for further downside with 1409.00 & 1402.00 as targets.
Comment
The RSI is mixed to bullish.
Silver spot ($)
Bullish bias above 15.3600.
Pivot (invalidation): 15.3600
Our preference
Long positions above 15.3600 with targets at 15.5500 & 15.6100 in extension.
Alternative scenario
Below 15.3600 look for further downside with 15.3000 & 15.2500 as targets.
Comment
The RSI is mixed to bullish.
Crude Oil (WTI)
Choppy.
Pivot (invalidation): 58.00
Our preference
Short positions below 58.00 with targets at 56.70 & 56.05 in extension.
Alternative scenario
Above 58.00 look for further upside with 58.60 & 59.10 as targets.
Comment
The RSI is mixed to bearish.
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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