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.
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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