Silver Spot ($) Intraday: caution

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

The bias remains bullish.

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Pivot (invalidation): 1498.00

Our preference
Long positions above 1498.00 with targets at 1509.00 & 1512.50 in extension.

Alternative scenario
Below 1498.00 look for further downside with 1493.00 & 1488.00 as targets.

Comment
The RSI lacks downward momentum.

Silver spot ($)

Caution.

Pivot (invalidation): 17.0500

Our preference
Long positions above 17.0500 with targets at 17.1500 & 17.2000 in extension.

Alternative scenario
Below 17.0500 look for further downside with 16.9800 & 16.9300 as targets.

Comment
A support base at 17.0500 has formed and has allowed for a temporary stabilisation.

Crude Oil (WTI)

Towards 54.85.

Pivot (invalidation): 56.20

Our preference
Short positions below 56.20 with targets at 55.15 & 54.85 in extension.

Alternative scenario
Above 56.20 look for further upside with 56.60 & 56.95 as targets.

Comment
The RSI is bearish and calls for further downside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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