Crude Oil (WTI) (X3) Intraday: intraday support around 85.35.
Pivot:
85.35
Our preference:
Long positions above 85.35 with targets at 86.75 & 87.25 in extension.
Alternative scenario:
Below 85.35 look for further downside with 84.85 & 84.20 as targets.
Comment:
The RSI lacks downward momentum.
EUR/USD Intraday: further advance.
Pivot:
1.0580
Our preference:
Long positions above 1.0580 with targets at 1.0620 & 1.0635 in extension.
Alternative scenario:
Below 1.0580 look for further downside with 1.0565 & 1.0550 as targets.
Comment:
The RSI is bullish and calls for further upside.
GBP/USD Intraday: the upside prevails.
Pivot:
1.2260
Our preference:
Long positions above 1.2260 with targets at 1.2310 & 1.2330 in extension.
Alternative scenario:
Below 1.2260 look for further downside with 1.2235 & 1.2215 as targets.
Comment:
The RSI shows upside momentum.
AUD/USD Intraday: further upside.
Pivot:
0.6405
Our preference:
Long positions above 0.6405 with targets at 0.6455 & 0.6470 in extension.
Alternative scenario:
Below 0.6405 look for further downside with 0.6390 & 0.6375 as targets.
Comment:
The RSI is bullish and calls for further advance.
USD/JPY Intraday: watch 148.15.
Pivot:
148.90
Our preference:
Short positions below 148.90 with targets at 148.35 & 148.15 in extension.
Alternative scenario:
Above 148.90 look for further upside with 149.10 & 149.25 as targets.
Comment:
The RSI is bearish and calls for further decline.
Gold Intraday: bullish bias above 1852.00.
Pivot:
1852.00
Our preference:
Long positions above 1852.00 with targets at 1865.00 & 1873.00 in extension.
Alternative scenario:
Below 1852.00 look for further downside with 1844.00 & 1837.00 as targets.
Comment:
The RSI calls for a bounce.