Silver Spot Intraday: Look for 14.7000

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Further upside.

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Pivot (invalidation): 1283.00

Our preference
Long positions above 1283.00 with targets at 1291.00 & 1293.50 in extension.

Alternative scenario
Below 1283.00 look for further downside with 1280.50 & 1277.00 as targets.

Comment
The RSI is bullish and calls for further upside.

Silver spot ($)

Look for 14.7000.

Pivot (invalidation): 14.5400

Our preference
Long positions above 14.5400 with targets at 14.6400 & 14.7000 in extension.

Alternative scenario
Below 14.5400 look for further downside with 14.4900 & 14.4300 as targets.

Comment
The RSI calls for a new upleg.

Crude Oil (WTI)

Intraday support around 58.20.

Pivot (invalidation): 58.20

Our preference
Long positions above 58.20 with targets at 59.00 & 59.35 in extension.

Alternative scenario
Below 58.20 look for further downside with 57.55 & 56.95 as targets.

Comment
The RSI is mixed and calls for caution.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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