Silver spot intraday: Key resistance at 23.6400

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.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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