Silver spot Intraday: Further advance

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Further advance.

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Pivot (invalidation): 1222.50

Our preference
Long positions above 1222.50 with targets at 1230.50 & 1233.50 in extension.

Alternative scenario
Below 1222.50 look for further downside with 1219.00 & 1215.50 as targets.

Comment
Technically the RSI is above its neutrality area at 50.

Silver spot ($)

Further advance.

Pivot (invalidation): 14.6200

Our preference
Long positions above 14.6200 with targets at 14.7700 & 14.8500 in extension.

Alternative scenario
Below 14.6200 look for further downside with 14.5500 & 14.4900 as targets.

Comment
The RSI advocates for further upside.

Crude Oil (WTI)

72.70 expected.

Pivot (invalidation): 71.30

Our preference
Long positions above 71.30 with targets at 72.70 & 73.20 in extension.

Alternative scenario
Below 71.30 look for further downside with 70.85 & 70.50 as targets.

Comment
The RSI shows upside momentum.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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