Silver spot Intraday: Caution

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Caution.

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Pivot (invalidation): 1343.50

Our preference
Short positions below 1343.50 with targets at 1337.00 & 1333.50 in extension.

Alternative scenario
Above 1343.50 look for further upside with 1346.50 & 1350.00 as targets.

Comment
The RSI is mixed and calls for caution.

Silver spot ($)

Caution.

Pivot (invalidation): 14.8800

Our preference
Short positions below 14.8800 with targets at 14.7600 & 14.7100 in extension.

Alternative scenario
Above 14.8800 look for further upside with 14.9500 & 15.0000 as targets.

Comment
The RSI is mixed and calls for caution.

Crude Oil (WTI)

51.05 expected.

Pivot (invalidation): 52.35

Our preference
Short positions below 52.35 with targets at 51.35 & 51.05 in extension.

Alternative scenario
Above 52.35 look for further upside with 52.85 & 53.25 as targets.

Comment
As Long as 52.35 is resistance, likely decline to 51.35.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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