Silver spot intraday: Caution

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot: Key resistance at 1961.00

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Pivot (invalidation): 1961.00

Our preference
Short positions below 1961.00 with targets at 1948.00 & 1937.00 in extension.

Alternative scenario
Above 1961.00 look for further upside with 1972.00 & 1983.00 as targets.

Comment
The RSI is mixed and calls for caution.

Silver spot: Caution

Pivot (invalidation): 27.3200

Our preference
Short positions below 27.3200 with targets at 27.0000 & 26.7300 in extension.

Alternative scenario
Above 27.3200 look for further upside with 27.6200 & 27.9200 as targets.

Comment
The RSI is mixed and calls for caution.

Crude Oil (WTI): Further upside

Pivot (invalidation): 38.35

Our preference
Long positions above 38.35 with targets at 39.00 & 39.40 in extension.

Alternative scenario
Below 38.35 look for further downside with 38.00 & 37.70 as targets.

Comment
The RSI is bullish and calls for further advance.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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