Crude Oil (WTI) intraday: Rebound expected

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Expect 1710.00.

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Pivot (invalidation): 1740.00

Our preference
Short positions below 1740.00 with targets at 1716.00 & 1710.00 in extension.

Alternative scenario
Above 1740.00 look for further upside with 1748.00 & 1754.00 as targets.

Comment
The RSI is mixed with a bearish bias.

Silver spot ($)

16.7700 expected.

Pivot (invalidation): 17.2400

Our preference
Short positions below 17.2400 with targets at 16.8900 & 16.7700 in extension.

Alternative scenario
Above 17.2400 look for further upside with 17.4000 & 17.5700 as targets.

Comment
The RSI is bearish and calls for further downside.

Crude Oil (WTI)

Rebound expected.

Pivot (invalidation): 32.45

Our preference
Long positions above 32.45 with targets at 34.10 & 34.65 in extension.

Alternative scenario
Below 32.45 look for further downside with 31.75 & 31.35 as targets.

Comment
The RSI is bullish and calls for further upside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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