Swissquote Bank Research Team
Swissquote Bank Ltd
Gold spot ($)
1266.25 expected.
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Pivot (invalidation): 1284.00
Our preference
Short positions below 1284.00 with targets at 1272.50 & 1266.25 in extension.
Alternative scenario
Above 1284.00 look for further upside with 1288.25 & 1291.00 as targets.
Comment
The RSI is bearish and calls for further decline.
Silver spot ($)
Under pressure.
Pivot (invalidation): 14.5100
Our preference
Short positions below 14.5100 with targets at 14.3200 & 14.2600 in extension.
Alternative scenario
Above 14.5100 look for further upside with 14.5700 & 14.6800 as targets.
Comment
As Long as 14.5100 is resistance, likely decline to 14.3200.
Crude Oil (WTI)
Further advance.
Pivot (invalidation): 62.90
Our preference
Long positions above 62.90 with targets at 64.05 & 64.70 in extension.
Alternative scenario
Below 62.90 look for further downside with 62.55 & 62.25 as targets.
Comment
The RSI is bullish and calls for further advance.
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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