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.
This report has been prepared by Swissquote Bank Ltd and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by Swissquote Bank Ltd personnel at any given time. Swissquote Bank Ltd is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.
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