Silver spot ($) Intraday: The bias remains bullish

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

The bias remains bullish.

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Pivot (invalidation): 1295.50

Our preference
Long positions above 1295.50 with targets at 1303.00 & 1306.00 in extension.

Alternative scenario
Below 1295.50 look for further downside with 1291.50 & 1288.00 as targets.

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

Silver spot ($)

The bias remains bullish.

Pivot (invalidation): 14.7000

Our preference
Long positions above 14.7000 with targets at 14.8600 & 14.9000 in extension.

Alternative scenario
Below 14.7000 look for further downside with 14.6000 & 14.5500 as targets.

Comment
The RSI is mixed to bullish.

Crude Oil (WTI)

Expect 60.30.

Pivot (invalidation): 61.70

Our preference
Short positions below 61.70 with targets at 60.65 & 60.30 in extension.

Alternative scenario
Above 61.70 look for further upside with 61.95 & 62.30 as targets.

Comment
As Long as the resistance at 61.70 is not surpassed, the risk of the break below 60.65 remains high.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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