Silver spot Intraday: Support around 14.3700

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Range.

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Pivot (invalidation): 1272.00

Our preference
Long positions above 1272.00 with targets at 1277.50 & 1279.50 in extension.

Alternative scenario
Below 1272.00 look for further downside with 1269.50 & 1267.50 as targets.

Comment
The RSI lacks downward momentum.

Silver spot ($)

Intraday support around 14.3700.

Pivot (invalidation): 14.3700

Our preference
Long positions above 14.3700 with targets at 14.5000 & 14.5600 in extension.

Alternative scenario
Below 14.3700 look for further downside with 14.3300 & 14.2800 as targets.

Comment
A support base at 14.3700 has formed and has allowed for a temporary stabilisation.

Crude Oil (WTI)

The downside prevails.

Pivot (invalidation): 61.70

Our preference
Short positions below 61.70 with targets at 60.80 & 60.15 in extension.

Alternative scenario
Above 61.70 look for further upside with 62.05 & 62.75 as targets.

Comment
The RSI advocates for further decline.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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