Silver spot Intraday: look for 17.6400

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Bullish bias above 1508.00.

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Pivot (invalidation): 1508.00

Our preference
Long positions above 1508.00 with targets at 1524.00 & 1535.00 in extension.

Alternative scenario
Below 1508.00 look for further downside with 1502.00 & 1494.00 as targets.

Comment
The RSI is mixed with a bullish bias.

Silver spot ($)

Look for 17.6400.

Pivot (invalidation): 17.1500

Our preference
Long positions above 17.1500 with targets at 17.5000 & 17.6400 in extension.

Alternative scenario
Below 17.1500 look for further downside with 17.0100 & 16.8500 as targets.

Comment
The RSI is bullish and calls for further advance.

Crude Oil (WTI)

Look for 53.55.

Pivot (invalidation): 55.70

Our preference
Short positions below 55.70 with targets at 54.05 & 53.55 in extension.

Alternative scenario
Above 55.70 look for further upside with 56.45 & 57.40 as targets.

Comment
Technically the RSI is below its neutrality area at 50.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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