Silver spot Intraday: capped by a negative trend line

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Bullish bias above 1515.00

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Pivot (invalidation): 1515.00

Our preference
Long positions above 1515.00 with targets at 1528.00 & 1535.00 in extension.

Alternative scenario
Below 1515.00 look for further downside with 1508.00 & 1502.00 as targets.

Comment
The RSI is mixed to bullish.

Silver spot ($)

Capped by a negative trend line

Pivot (invalidation): 17.3900

Our preference
Short positions below 17.3900 with targets at 17.0800 & 17.0000 in extension.

Alternative scenario
Above 17.3900 look for further upside with 17.5000 & 17.6400 as targets.

Comment
The RSI calls for a drop.

Crude Oil (WTI)

Turning up

Pivot (invalidation): 54.05

Our preference
Long positions above 54.05 with targets at 55.90 & 56.45 in extension.

Alternative scenario
Below 54.05 look for further downside with 53.55 & 52.95 as targets.

Comment
The RSI calls for a rebound.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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