Gold spot ($)
The bias remains bullish.
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Pivot (invalidation): 1241.75
Our preference
Long positions above 1241.75 with targets at 1247.00 & 1249.00 in extension.
Alternative scenario
Below 1241.75 look for further downside with 1239.00 & 1236.00 as targets.
Comment
The RSI is mixed with a bullish bias.
Silver spot ($)
The upside prevails.
Pivot (invalidation): 14.6200
Our preference
Long positions above 14.6200 with targets at 14.8300 & 14.9100 in extension.
Alternative scenario
Below 14.6200 look for further downside with 14.5200 & 14.4600 as targets.
Comment
The RSI advocates for further advance.
Crude Oil (WTI)
Under pressure.
Pivot (invalidation): 51.95
Our preference
Short positions below 51.95 with targets at 50.50 & 50.10 in extension.
Alternative scenario
Above 51.95 look for further upside with 52.80 & 53.30 as targets.
Comment
The RSI is mixed to bearish.
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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