Silver spot Intraday: Turning down

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Turning down.

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Pivot (invalidation): 1239.50

Our preference
Short positions below 1239.50 with targets at 1232.00 & 1228.00 in extension.

Alternative scenario
Above 1239.50 look for further upside with 1242.00 & 1244.50 as targets.

Comment
The RSI shows downside momentum.

Silver spot ($)

Turning down.

Pivot (invalidation): 14.5400

Our preference
Short positions below 14.5400 with targets at 14.3400 & 14.2700 in extension.

Alternative scenario
Above 14.5400 look for further upside with 14.6500 & 14.7200 as targets.

Comment
The RSI is bearish and calls for further downside.

Crude Oil (WTI)

The downside prevails.

Pivot (invalidation): 53.35

Our preference
Short positions below 53.35 with targets at 51.60 & 50.75 in extension.

Alternative scenario
Above 53.35 look for further upside with 54.55 & 55.50 as targets.

Comment
The RSI advocates for further downside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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