Silver spot Intraday: Further advance

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Expect 1408.00.

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Pivot (invalidation): 1362.00

Our preference
Long positions above 1362.00 with targets at 1400.00 & 1408.00 in extension.

Alternative scenario
Below 1362.00 look for further downside with 1351.50 & 1341.50 as targets.

Comment
The RSI is bullish and calls for further upside.

Silver spot ($)

Further advance.

Pivot (invalidation): 15.1000

Our preference
Long positions above 15.1000 with targets at 15.3500 & 15.5000 in extension.

Alternative scenario
Below 15.1000 look for further downside with 15.0100 & 14.9000 as targets.

Comment
The RSI shows upside momentum.

Crude Oil (WTI)

Expect 55.60.

Pivot (invalidation): 53.50

Our preference
Long positions above 53.50 with targets at 54.85 & 55.60 in extension.

Alternative scenario
Below 53.50 look for further downside with 52.90 & 52.40 as targets.

Comment
The RSI is mixed to bullish.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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