Silver Spot Intraday: Key resistance at 15.1800

Gold spot ($)
Under pressure.
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Pivot (invalidation): 1230.50
Our preference
Short positions below 1230.50 with targets at 1226.00 & 1224.00 in extension.
Alternative scenario
Above 1230.50 look for further upside with 1233.50 & 1235.50 as targets.
Comment
The RSI advocates for further decline.
Silver spot ($)
14.4500 expected.
Pivot (invalidation): 14.5700
Our preference
Short positions below 14.5700 with targets at 14.4500 & 14.4000 in extension.
Alternative scenario
Above 14.5700 look for further upside with 14.6500 & 14.7200 as targets.
Comment
As Long as the resistance at 14.5700 is not surpassed, the risk of the break below 14.4500 remains high.
Crude Oil (WTI)
Key resistance at 67.35.
Pivot (invalidation): 67.35
Our preference
Short positions below 67.35 with targets at 66.70 & 66.30 in extension.
Alternative scenario
Above 67.35 look for further upside with 67.60 & 67.95 as targets.
Comment
As Long as 67.35 is resistance, look for choppy price action with a bearish bias.
Author

Swissquote Bank Research Team
Swissquote Bank Ltd




















