Silver spot levels: Further upside

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Supported by a rising trend line.

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Pivot (invalidation): 1201.00

Our preference
Long positions above 1201.00 with targets at 1208.50 & 1212.50 in extension.

Alternative scenario
Below 1201.00 look for further downside with 1198.00 & 1195.50 as targets.

Comment
The RSI advocates for further advance.

Silver spot ($)

Further upside.

Pivot (invalidation): 14.2100

Our preference
Long positions above 14.2100 with targets at 14.4000 & 14.4900 in extension.

Alternative scenario
Below 14.2100 look for further downside with 14.1400 & 14.0700 as targets.

Comment
The RSI is bullish and calls for further upside.

Crude Oil (WTI)

Further upside.

Pivot (invalidation): 70.90

Our preference
Long positions above 70.90 with targets at 72.30 & 72.85 in extension.

Alternative scenario
Below 70.90 look for further downside with 70.20 & 69.70 as targets.

Comment
The RSI advocates for further advance.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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