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.
This report has been prepared by Swissquote Bank Ltd and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by Swissquote Bank Ltd personnel at any given time. Swissquote Bank Ltd is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.
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