Silver spot intraday: Look for 25,7000

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($): Capped by a negative trend line

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Pivot (invalidation): 1951.00

Our preference
Short positions below 1951.00 with targets at 1921.00 & 1911.00 in extension.

Alternative scenario
Above 1951.00 look for further upside with 1965.50 & 1976.00 as targets.

Comment
The RSI has just struck against its neutrality area at 50% and is reversing down.

Silver spot ($): Look for 25.7000

Pivot (invalidation): 26.9800

Our preference
Short positions below 26.9800 with targets at 26.0100 & 25.7000 in extension.

Alternative scenario
Above 26.9800 look for further upside with 27.2500 & 27.5400 as targets.

Comment
The RSI is bearish and calls for further downside.

Crude Oil (WTI): Bullish bias above 42.15

Pivot (invalidation): 42.15

Our preference
Long positions above 42.15 with targets at 42.70 & 42.95 in extension.

Alternative scenario
Below 42.15 look for further downside with 41.75 & 41.45 as targets.

Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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