Silver spot Intraday: expect 18.3200

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Bullish bias above 1507.00.

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Pivot (invalidation): 1507.00

Our preference
Long positions above 1507.00 with targets at 1516.00 & 1519.50 in extension.

Alternative scenario
Below 1507.00 look for further downside with 1503.00 & 1499.50 as targets.

Comment
The RSI is mixed with a bullish bias.

Silver spot ($)

Expect 18.3200.

Pivot (invalidation): 17.9900

Our preference
Long positions above 17.9900 with targets at 18.2500 & 18.3200 in extension.

Alternative scenario
Below 17.9900 look for further downside with 17.9100 & 17.8400 as targets.

Comment
The RSI calls for a new upleg.

Crude Oil (WTI)

The bias remains bullish.

Pivot (invalidation): 55.60

Our preference
Long positions above 55.60 with targets at 56.40 & 56.90 in extension.

Alternative scenario
Below 55.60 look for further downside with 55.05 & 54.60 as targets.

Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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