Silver Spot Intraday: Key resistance at 14.3600

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Key resistance at 1219.00.

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Pivot (invalidation): 1219.00

Our preference
Short positions below 1219.00 with targets at 1214.50 & 1212.00 in extension.

Alternative scenario
Above 1219.00 look for further upside with 1223.50 & 1226.50 as targets.

Comment
As Long as the resistance at 1219.00 is not surpassed, the risk of the break below 1214.50 remains high.

Silver spot ($)

Key resistance at 14.3600.

Pivot (invalidation): 14.3600

Our preference
Short positions below 14.3600 with targets at 14.2600 & 14.2100 in extension.

Alternative scenario
Above 14.3600 look for further upside with 14.4700 & 14.5300 as targets.

Comment
As Long as 14.3600 is resistance, expect a return to 14.2600.

Crude Oil (WTI)

Key resistance at 65.50.

Pivot (invalidation): 65.50

Our preference
Short positions below 65.50 with targets at 64.80 & 64.30 in extension.

Alternative scenario
Above 65.50 look for further upside with 65.80 & 66.30 as targets.

Comment
The RSI advocates for further downside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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