Swissquote Bank Research Team
Swissquote Bank Ltd
Gold spot ($)
Break of a ST rising trendline support.
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Pivot (invalidation): 1308.50
Our preference
Short positions below 1308.50 with targets at 1303.50 & 1300.50 in extension.
Alternative scenario
Above 1308.50 look for further upside with 1311.50 & 1315.00 as targets.
Comment
The RSI is bearish and calls for further downside.
Silver spot ($)
Watch 15.2800.
Pivot (invalidation): 15.4900
Our preference
Short positions below 15.4900 with targets at 15.3400 & 15.2800 in extension.
Alternative scenario
Above 15.4900 look for further upside with 15.5400 & 15.6200 as targets.
Comment
The RSI lacks downward momentum.
Crude Oil (WTI)
Further advance.
Pivot (invalidation): 57.50
Our preference
Long positions above 57.50 with targets at 58.70 & 59.40 in extension.
Alternative scenario
Below 57.50 look for further downside with 57.05 & 56.75 as targets.
Comment
The RSI is bullish and calls for further advance.
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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