Crude Oil (WTI) Intraday: consolidation in place

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.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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