Swissquote Bank Research Team
Swissquote Bank Ltd
Gold spot ($)
Under pressure.
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Pivot (invalidation): 1201.00
Our preference
Short positions below 1201.00 with targets at 1189.00 & 1184.50 in extension.
Alternative scenario
Above 1201.00 look for further upside with 1206.00 & 1290.50 as targets.
Comment
The RSI is mixed to bearish.
Silver spot ($)
Key resistance at 15.1800.
Pivot (invalidation): 15.1800
Our preference
Short positions below 15.1800 with targets at 14.8800 & 14.7700 in extension.
Alternative scenario
Above 15.1800 look for further upside with 15.3000 & 15.3900 as targets.
Comment
The RSI is mixed to bearish.
Crude Oil (WTI)
Key resistance at 67.60.
Pivot (invalidation): 67.60
Our preference
Short positions below 67.60 with targets at 66.95 & 66.50 in extension.
Alternative scenario
Above 67.60 look for further upside with 67.95 & 68.50 as targets.
Comment
As Long as the resistance at 67.60 is not surpassed, the risk of the break below 66.95 remains high.
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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