Silver spot Intraday: Under pressure

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Under pressure.

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Pivot (invalidation): 1310.50

Our preference
Short positions below 1310.50 with targets at 1305.50 & 1303.50 in extension.

Alternative scenario
Above 1310.50 look for further upside with 1312.50 & 1315.50 as targets.

Comment
The RSI advocates for further decline.

Silver spot ($)

Under pressure.

Pivot (invalidation): 15.7700

Our preference
Short positions below 15.7700 with targets at 15.6600 & 15.6200 in extension.

Alternative scenario
Above 15.7700 look for further upside with 15.8300 & 15.8700 as targets.

Comment
The RSI is mixed with a bearish bias.

Crude Oil (WTI)

Further advance.

Pivot (invalidation): 52.20

Our preference
Long positions above 52.20 with targets at 53.40 & 53.90 in extension.

Alternative scenario
Below 52.20 look for further downside with 51.70 & 51.30 as targets.

Comment
The RSI advocates for further upside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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