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.
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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