Crude Oil (WTI)‎ (Z3)‎ Intraday: under pressure.

Pivot:

89.00

Our preference:

Short positions below 89.00 with targets at 87.10 & 86.40 in extension.

Alternative scenario:

Above 89.00 look for further upside with 89.85 & 90.50 as targets.

Comment:

The RSI is bearish and calls for further decline.

Gold Intraday: towards 1957.00.

Pivot:

1988.00

Our preference:

Short positions below 1988.00 with targets at 1965.00 & 1957.00 in extension.

Alternative scenario:

Above 1988.00 look for further upside with 1997.00 & 2003.00 as targets.

Comment:

The RSI is bearish and calls for further decline.

EUR/USD Intraday: the upside prevails.

Pivot:

1.0565

Our preference:

Long positions above 1.0565 with targets at 1.0605 & 1.0620 in extension.

Alternative scenario:

Below 1.0565 look for further downside with 1.0550 & 1.0535 as targets.

Comment:

A support base at 1.0565 has formed and has allowed for a temporary stabilisation.

GBP/USD Intraday: rebound.

Pivot:

1.2130

Our preference:

Long positions above 1.2130 with targets at 1.2180 & 1.2205 in extension.

Alternative scenario:

Below 1.2130 look for further downside with 1.2110 & 1.2090 as targets.

Comment:

The break above 1.2130 is a positive signal that has opened a path to 1.2180.

AUD/USD Intraday: rebound expected.

Pivot:

0.6295

Our preference:

Long positions above 0.6295 with targets at 0.6335 & 0.6355 in extension.

Alternative scenario:

Below 0.6295 look for further downside with 0.6280 & 0.6265 as targets.

Comment:

Technically the RSI is above its neutrality area at 50.

USD/JPY Intraday: the bias remains bullish.

Pivot:

149.65

Our preference:

Long positions above 149.65 with targets at 150.00 & 150.15 in extension.

Alternative scenario:

Below 149.65 look for further downside with 149.50 & 149.35 as targets.

Comment:

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.