Silver spot intraday: The bias remains bullish

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot: Further advance

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Pivot (invalidation): 1817.00

Our preference
Long positions above 1817.00 with targets at 1851.00 & 1861.00 in extension.

Alternative scenario
Below 1817.00 look for further downside with 1807.00 & 1793.00 as targets.

Comment
The RSI is bullish and calls for further advance.

Silver spot: The bias remains bullish

Pivot (invalidation): 23.5200

Our preference
Long positions above 23.5200 with targets at 24.3200 & 24.7200 in extension.

Alternative scenario
Below 23.5200 look for further downside with 23.1700 & 22.9000 as targets.

Comment
The immediate trend remains up but the momentum is weak.

Crude Oil (WTI): Turning up

Pivot (invalidation): 44.65

Our preference
Long positions above 44.65 with targets at 45.90 & 46.25 in extension.

Alternative scenario
Below 44.65 look for further downside with 44.15 & 43.90 as targets.

Comment
The RSI calls for a new upleg.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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