Silver Spot ($) Intraday: Caution

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Turning up.

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Pivot (invalidation): 1276.00

Our preference
Long positions above 1276.00 with targets at 1285.00 & 1287.00 in extension.

Alternative scenario
Below 1276.00 look for further downside with 1272.50 & 1269.00 as targets.

Comment
The RSI calls for a rebound.

Silver spot ($)

Caution.

Pivot (invalidation): 14.4000

Our preference
Short positions below 14.4000 with targets at 14.3100 & 14.2800 in extension.

Alternative scenario
Above 14.4000 look for further upside with 14.4600 & 14.5200 as targets.

Comment
The RSI is mixed and calls for caution.

Crude Oil (WTI)

Turning down.

Pivot (invalidation): 59.10

Our preference
Short positions below 59.10 with targets at 58.20 & 57.85 in extension.

Alternative scenario
Above 59.10 look for further upside with 59.55 & 59.90 as targets.

Comment
The RSI is bearish and calls for further downside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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