Swissquote Bank Research Team
Swissquote Bank Ltd
Gold spot: Consolidation in place
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Pivot (invalidation): 1820.00
Our preference
Short positions below 1820.00 with targets at 1800.00 & 1791.00 in extension.
Alternative scenario
Above 1820.00 look for further upside with 1831.00 & 1841.00 as targets.
Comment
The immediate trend remains down but the momentum is weak.
Silver spot: Key resistance at 23.6400
Pivot (invalidation): 23.6400
Our preference
Short positions below 23.6400 with targets at 23.0700 & 22.9100 in extension.
Alternative scenario
Above 23.6400 look for further upside with 23.8700 & 24.1200 as targets.
Comment
The immediate trend remains down but the momentum is weak.
Crude Oil (WTI): Bullish bias above 45.45
Pivot (invalidation): 45.45
Our preference
Long positions above 45.45 with targets at 46.25 & 46.70 in extension.
Alternative scenario
Below 45.45 look for further downside with 45.05 & 44.70 as targets.
Comment
The RSI is bullish and calls for further advance.
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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