Silver spot Intraday: towards 16.8200

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Break of a ST rising trendline support.

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Pivot (invalidation): 1469.00

Our preference
Short positions below 1469.00 with targets at 1464.00 & 1461.00 in extension.

Alternative scenario
Above 1469.00 look for further upside with 1471.50 & 1474.00 as targets.

Comment
The RSI is bearish and calls for further decline.

Silver spot ($)

Towards 16.8200.

Pivot (invalidation): 17.0300

Our preference
Short positions below 17.0300 with targets at 16.8600 & 16.8200 in extension.

Alternative scenario
Above 17.0300 look for further upside with 17.0900 & 17.1400 as targets.

Comment
The RSI advocates for further decline.

Crude Oil (WTI)

Key resistance at 57.35.

Pivot (invalidation): 57.35

Our preference
Short positions below 57.35 with targets at 56.85 & 56.65 in extension.

Alternative scenario
Above 57.35 look for further upside with 57.55 & 57.75 as targets.

Comment
A break below 56.85 would trigger a drop towards 56.65.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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