Silver spot intraday: Choppy

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot: Choppy

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Pivot (invalidation): 1910.00

Our preference
Short positions below 1910.00 with targets at 1902.00 & 1898.00 in extension.

Alternative scenario
Above 1910.00 look for further upside with 1914.00 & 1920.00 as targets.

Comment
Intraday technical indicators are mixed.

Silver spot: Choppy

Pivot (invalidation): 24.5000

Our preference
Short positions below 24.5000 with targets at 24.1800 & 24.0700 in extension.

Alternative scenario
Above 24.5000 look for further upside with 24.6600 & 24.8500 as targets.

Comment
The RSI is mixed to bearish.

Crude Oil (WTI): Under pressure

Pivot (invalidation): 39.10

Our preference
Short positions below 39.10 with targets at 38.30 & 37.90 in extension.

Alternative scenario
Above 39.10 look for further upside with 39.40 & 39.80 as targets.

Comment
The RSI calls for a drop.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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