Silver spot levels: The downside prevails

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

The downside prevails.

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Pivot (invalidation): 1200.00

Our preference
Short positions below 1200.00 with targets at 1192.50 & 1190.00 in extension.

Alternative scenario
Above 1200.00 look for further upside with 1203.00 & 1206.00 as targets.

Comment
The RSI is capped by a bearish trend line.

Silver spot ($)

The downside prevails.

Pivot (invalidation): 14.2500

Our preference
Short positions below 14.2500 with targets at 14.1300 & 14.0700 in extension.

Alternative scenario
Above 14.2500 look for further upside with 14.3500 & 14.4300 as targets.

Comment
The RSI is capped by a declining trend line.

Crude Oil (WTI)

Further advance.

Pivot (invalidation): 70.70

Our preference
Long positions above 70.70 with targets at 72.25 & 72.80 in extension.

Alternative scenario
Below 70.70 look for further downside with 70.00 & 69.20 as targets.

Comment
The RSI is mixed to bullish.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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