Silver Spot ($) Intraday: the upside prevails

Swissquote Bank Research Team Swissquote Bank Ltd

Gold Spot ($)

The upside prevails.

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Pivot (invalidation): 1514.50

Our preference
Long positions above 1514.50 with targets at 1527.50 & 1532.00 in extension.

Alternative scenario
Below 1514.50 look for further downside with 1510.00 & 1507.00 as targets.

Comment
The RSI shows upside momentum.

Silver Spot ($)

The upside prevails.

Pivot (invalidation): 17.9000

Our preference
Long positions above 17.9000 with targets at 18.2500 & 18.3700 in extension.

Alternative scenario
Below 17.9000 look for further downside with 17.8000 & 17.7200 as targets.

Comment
The RSI is bullish and calls for further advance.

Crude Oil (WTI)

Key resistance at 61.85.

Pivot (invalidation): 61.85

Our preference
Short positions below 61.85 with targets at 61.40 & 61.10 in extension.

Alternative scenario
Above 61.85 look for further upside with 62.05 & 62.35 as targets.

Comment
The RSI is mixed with a bearish bias.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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