Swissquote Bank Research Team
Swissquote Bank Ltd
Gold spot ($)
Supported by a rising trend line.
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Pivot (invalidation): 1201.00
Our preference
Long positions above 1201.00 with targets at 1208.50 & 1212.50 in extension.
Alternative scenario
Below 1201.00 look for further downside with 1198.00 & 1195.50 as targets.
Comment
The RSI advocates for further advance.
Silver spot ($)
Further upside.
Pivot (invalidation): 14.2100
Our preference
Long positions above 14.2100 with targets at 14.4000 & 14.4900 in extension.
Alternative scenario
Below 14.2100 look for further downside with 14.1400 & 14.0700 as targets.
Comment
The RSI is bullish and calls for further upside.
Crude Oil (WTI)
Further upside.
Pivot (invalidation): 70.90
Our preference
Long positions above 70.90 with targets at 72.30 & 72.85 in extension.
Alternative scenario
Below 70.90 look for further downside with 70.20 & 69.70 as targets.
Comment
The RSI advocates 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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