Silver spot ($) intraday: Under pressure

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($): Expect 1694.00

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Pivot (invalidation): 1721.00

Our preference
Short positions below 1721.00 with targets at 1703.00 & 1694.00 in extension.

Alternative scenario
Above 1721.00 look for further upside with 1728.00 & 1735.00 as targets.

Comment
The RSI calls for a new downleg.

Silver spot ($): Under pressure

Pivot (invalidation): 17.2400

Our preference
Short positions below 17.2400 with targets at 16.8700 & 16.7700 in extension.

Alternative scenario
Above 17.2400 look for further upside with 17.3400 & 17.4500 as targets.

Comment
The RSI is bearish and calls for further downside.

Crude Oil (WTI): The bias remains bullish

Pivot (invalidation): 33.40

Our preference
Long positions above 33.40 with targets at 34.80 & 35.35 in extension.

Alternative scenario
Below 33.40 look for further downside with 32.95 & 32.45 as targets.

Comment
A support base at 33.40 has formed and has allowed for a temporary stabilisation.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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