Silver spot Intraday: 14.3700 expected

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

1279.00 in sight.

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Pivot (invalidation): 1289.50

Our preference
Short positions below 1289.50 with targets at 1281.75 & 1279.00 in extension.

Alternative scenario
Above 1289.50 look for further upside with 1293.00 & 1295.25 as targets.

Comment
The RSI shows downside momentum.

Silver spot ($)

14.3700 expected.

Pivot (invalidation): 14.6300

Our preference
Short positions below 14.6300 with targets at 14.4300 & 14.3700 in extension.

Alternative scenario
Above 14.6300 look for further upside with 14.7400 & 14.8100 as targets.

Comment
The RSI is bearish and calls for further decline.

Crude Oil (WTI)

Supported by a rising trend line.

Pivot (invalidation): 62.75

Our preference
Long positions above 62.75 with targets at 63.65 & 64.15 in extension.

Alternative scenario
Below 62.75 look for further downside with 62.25 & 61.95 as targets.

Comment
The RSI is bullish and calls for further advance.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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