Silver spot ($) Intraday: Under pressure

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.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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