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.
This report has been prepared by Swissquote Bank Ltd and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by Swissquote Bank Ltd personnel at any given time. Swissquote Bank Ltd is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.
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