Gold spot ($)
Further upside.
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Pivot (invalidation): 1213.00
Our preference Long positions above 1213.00 with targets at 1219.50 & 1222.00 in extension.
Alternative scenario
Below 1213.00 look for further downside with 1210.50 & 1207.00 as targets.
Comment
The RSI advocates for further upside.
Silver spot ($)
Further advance.
Pivot (invalidation): 15.3400
Our preference Long positions above 15.3400 with targets at 15.5500 & 15.6100 in extension.
Alternative scenario
Below 15.3400 look for further downside with 15.2600 & 15.2100 as targets.
Comment
The RSI advocates for further upside.
Crude Oil (WTI)
Turning up.
Pivot (invalidation): 68.25
Our preference Long positions above 68.25 with targets at 69.23 & 69.90 in extension.
Alternative scenario
Below 68.25 look for further downside with 67.85 & 67.40 as targets.
Comment
The RSI shows upside momentum.
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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