Silver spot Levels: The bias remains bullish

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

The bias remains bullish.

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Pivot (invalidation): 1196.00

Our preference
Long positions above 1196.00 with targets at 1203.50 & 1205.00 in extension.

Alternative scenario
Below 1196.00 look for further downside with 1192.50 & 1190.00 as targets.

Comment
The RSI is mixed with a bullish bias.

Silver spot ($)

The bias remains bullish.

Pivot (invalidation): 14.0800

Our preference
Long positions above 14.0800 with targets at 14.2500 & 14.2800 in extension.

Alternative scenario
Below 14.0800 look for further downside with 14.0000 & 13.9300 as targets.

Comment
The RSI is mixed with a bullish bias.

Crude Oil (WTI)

Further upside.

Pivot (invalidation): 69.35

Our preference
Long positions above 69.35 with targets at 70.40 & 70.90 in extension.

Alternative scenario
Below 69.35 look for further downside with 68.85 & 68.55 as targets.

Comment
The RSI is supported by a rising trend line.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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