Swissquote Bank Research Team
Swissquote Bank Ltd
Gold Spot ($)
Towards 1451.00.
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Pivot (invalidation): 1467.00
Our preference
Short positions below 1467.00 with targets at 1456.00 & 1451.00 in extension.
Alternative scenario
Above 1467.00 look for further upside with 1469.50 & 1473.00 as targets.
Comment
The RSI is bearish and calls for further downside.
Silver Spot ($)
16.7200 expected.
Pivot (invalidation): 17.0400
Our preference
Short positions below 17.0400 with targets at 16.8100 & 16.7200 in extension.
Alternative scenario
Above 17.0400 look for further upside with 17.1100 & 17.1700 as targets.
Comment
The RSI is bearish and calls for further decline.
Crude Oil (WTI)
Consolidation in place.
Pivot (invalidation): 58.15
Our preference
Short positions below 58.15 with targets at 57.65 & 57.35 in extension.
Alternative scenario
Above 58.15 look for further upside with 58.65 & 59.20 as targets.
Comment
As Long as 58.15 is resistance, expect a return to 57.65.
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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