Silver Spot Levels: Turning up

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Turning up.

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Pivot (invalidation): 1200.00

Our preference
Long positions above 1200.00 with targets at 1208.25 & 1212.50 in extension.

Alternative scenario
Below 1200.00 look for further downside with 1196.00 & 1192.50 as targets.

Comment
The RSI advocates for further upside. The prices are trading above both the 20-period and 50-period moving averages while striking against the upper boundary of Bollinger band.

Silver spot ($)

Turning up.

Pivot (invalidation): 14.1300

Our preference
Long positions above 14.1300 with targets at 14.2800 & 14.3500 in extension.

Alternative scenario
Below 14.1300 look for further downside with 14.0600 & 13.9900 as targets.

Comment
The RSI shows upside momentum. The prices are striking against the upper boundary of Bollinger band.

Crude Oil (WTI)

The downside prevails.

Pivot (invalidation): 69.30

Our preference
Short positions below 69.30 with targets at 68.35 & 68.00 in extension.

Alternative scenario
Above 69.30 look for further upside with 69.75 & 70.15 as targets.

Comment
The RSI is mixed to bearish.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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