Silver spot Intraday: Key resistance at 14.9300

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Key resistance at 1347.00.

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Pivot (invalidation): 1347.00

Our preference
Short positions below 1347.00 with targets at 1336.00 & 1330.00 in extension.

Alternative scenario
Above 1347.00 look for further upside with 1351.00 & 1356.00 as targets.

Comment
The RSI is mixed to bearish.

Silver spot ($)

Key resistance at 14.9300.

Pivot (invalidation): 14.9300

Our preference
Short positions below 14.9300 with targets at 14.7800 & 14.7200 in extension.

Alternative scenario
Above 14.9300 look for further upside with 15.0000 & 15.1100 as targets.

Comment
As Long as the resistance at 14.9300 is not surpassed, the risk of the break below 14.7800 remains high.

Crude Oil (WTI)

Bullish bias above 52.20.

Pivot (invalidation): 52.20

Our preference
Long positions above 52.20 with targets at 53.00 & 53.45 in extension.

Alternative scenario
Below 52.20 look for further downside with 51.70 & 51.30 as targets.

Comment
The RSI is mixed with a bullish bias.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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