Gold Spot ($)
The upside prevails.
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Pivot (invalidation): 1514.50
Our preference
Long positions above 1514.50 with targets at 1527.50 & 1532.00 in extension.
Alternative scenario
Below 1514.50 look for further downside with 1510.00 & 1507.00 as targets.
Comment
The RSI shows upside momentum.
Silver Spot ($)
The upside prevails.
Pivot (invalidation): 17.9000
Our preference
Long positions above 17.9000 with targets at 18.2500 & 18.3700 in extension.
Alternative scenario
Below 17.9000 look for further downside with 17.8000 & 17.7200 as targets.
Comment
The RSI is bullish and calls for further advance.
Crude Oil (WTI)
Key resistance at 61.85.
Pivot (invalidation): 61.85
Our preference
Short positions below 61.85 with targets at 61.40 & 61.10 in extension.
Alternative scenario
Above 61.85 look for further upside with 62.05 & 62.35 as targets.
Comment
The RSI is mixed with a bearish bias.
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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