Silver spot Intraday: consolidation in place

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Expect 1510.00.

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Pivot (invalidation): 1523.00

Our preference
Short positions below 1523.00 with targets at 1516.00 & 1510.00 in extension.

Alternative scenario
Above 1523.00 look for further upside with 1525.50 & 1528.00 as targets.

Comment
A break below 1516.00 would trigger a drop towards 1510.00.

Silver spot ($)

Consolidation in place.

Pivot (invalidation): 17.9900

Our preference
Short positions below 17.9900 with targets at 17.7200 & 17.6500 in extension.

Alternative scenario
Above 17.9900 look for further upside with 18.1400 & 18.2500 as targets.

Comment
The RSI is mixed to bearish.

Crude Oil (WTI)

Look for 60.80.

Pivot (invalidation): 61.60

Our preference
Short positions below 61.60 with targets at 61.00 & 60.80 in extension.

Alternative scenario
Above 61.60 look for further upside with 61.85 & 62.05 as targets.

Comment
As Long as the resistance at 61.60 is not surpassed, the risk of the break below 61.00 remains high.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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