Silver spot intraday: Expect 17.6300

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($): Bullish bias above 1708.00

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Pivot (invalidation): 1708.00

Our preference
Long positions above 1708.00 with targets at 1728.00 & 1735.00 in extension.

Alternative scenario
Below 1708.00 look for further downside with 1700.00 & 1694.00 as targets.

Comment
The RSI calls for a rebound.

Silver spot ($): Expect 17.6300

Pivot (invalidation): 17.2100

Our preference
Long positions above 17.2100 with targets at 17.5200 & 17.6300 in extension.

Alternative scenario
Below 17.2100 look for further downside with 17.1000 & 17.0000 as targets.

Comment
The RSI is mixed to bullish.

Crude Oil (WTI): Consolidation in place

Pivot (invalidation): 33.75

Our preference
Short positions below 33.75 with targets at 32.85 & 32.25 in extension.

Alternative scenario
Above 33.75 look for further upside with 34.20 & 34.80 as targets.

Comment
The RSI is bearish and calls for further downside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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