Silver spot intraday: Choppy

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot: Rebound

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Pivot (invalidation): 1869.00

Our preference
Long positions above 1869.00 with targets at 1886.00 & 1894.00 in extension.

Alternative scenario
Below 1869.00 look for further downside with 1862.00 & 1857.00 as targets.

Comment
The RSI calls for a rebound.

Silver spot: Choppy

Pivot (invalidation): 26.0700

Our preference
Long positions above 26.0700 with targets at 26.6000 & 26.7700 in extension.

Alternative scenario
Below 26.0700 look for further downside with 25.8000 & 25.5500 as targets.

Comment
The RSI is mixed to bullish.

Crude Oil (WTI): Key resistance at 48.30

Pivot (invalidation): 48.30

Our preference
Short positions below 48.30 with targets at 47.55 & 47.25 in extension.

Alternative scenario
Above 48.30 look for further upside with 48.60 & 48.95 as targets.

Comment
The RSI is mixed with a bearish bias.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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