Silver spot ($) Intraday: rebound

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Consolidation.

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Pivot (invalidation): 1480.00

Our preference
Short positions below 1480.00 with targets at 1471.00 & 1468.00 in extension.

Alternative scenario
Above 1480.00 look for further upside with 1484.00 & 1488.00 as targets.

Comment
The RSI is mixed to bearish.

Silver spot ($)

Rebound.

Pivot (invalidation): 16.8700

Our preference
Long positions above 16.8700 with targets at 17.0100 & 17.0800 in extension.

Alternative scenario
Below 16.8700 look for further downside with 16.7800 & 16.6700 as targets.

Comment
The RSI is mixed with a bullish bias.

Crude Oil (WTI)

Caution.

Pivot (invalidation): 58.10

Our preference
Long positions above 58.10 with targets at 58.65 & 59.10 in extension.

Alternative scenario
Below 58.10 look for further downside with 57.75 & 57.50 as targets.

Comment
The RSI is mixed and calls for caution.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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