Silver spot ($) intraday: Consolidation

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Consolidation in place.

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Pivot (invalidation): 1620.00

Our preference
Short positions below 1620.00 with targets at 1585.00 & 1564.00 in extension.

Alternative scenario
Above 1620.00 look for further upside with 1643.00 & 1656.00 as targets.

Comment
As Long as 1620.00 is resistance, expect a return to 1585.00.

Silver spot ($)

Consolidation.

Pivot (invalidation): 14.5200

Our preference
Short positions below 14.5200 with targets at 13.9700 & 13.7600 in extension.

Alternative scenario
Above 14.5200 look for further upside with 14.7100 & 14.9000 as targets.

Comment
As Long as 14.5200 is resistance, look for choppy price action with a bearish bias.

Crude Oil (WTI)

Consolidation in place.

Pivot (invalidation): 24.90

Our preference
Short positions below 24.90 with targets at 23.70 & 23.10 in extension.

Alternative scenario
Above 24.90 look for further upside with 25.85 & 26.45 as targets.

Comment
As Long as 24.90 is resistance, look for choppy price action with a bearish bias.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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