Crude Oil (WTI)‎ (Z3)‎ Intraday: bullish bias above 81.50.

Pivot:

81.50

Our preference:

Long positions above 81.50 with targets at 83.40 & 84.20 in extension.

Alternative scenario:

Below 81.50 look for further downside with 80.90 & 80.30 as targets.

Comment:

The RSI advocates for further advance.

Gold Intraday: key resistance at 1991.00.

Pivot:

1991.00

Our preference:

Short positions below 1991.00 with targets at 1978.00 & 1970.00 in extension.

Alternative scenario:

Above 1991.00 look for further upside with 1998.00 & 2005.00 as targets.

Comment:

As long as 1991.00 is resistance, look for choppy price action with a bearish bias.

EUR/USD Intraday: key resistance at 1.0640.

Pivot:

1.0640

Our preference:

Short positions below 1.0640 with targets at 1.0600 & 1.0575 in extension.

Alternative scenario:

Above 1.0640 look for further upside with 1.0665 & 1.0685 as targets.

Comment:

The RSI shows downside momentum.

GBP/USD Intraday: the bias remains bullish.

Pivot:

1.2165

Our preference:

Long positions above 1.2165 with targets at 1.2210 & 1.2225 in extension.

Alternative scenario:

Below 1.2165 look for further downside with 1.2145 & 1.2125 as targets.

Comment:

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

AUD/USD Intraday: watch 0.6410.

Pivot:

0.6455

Our preference:

Short positions below 0.6455 with targets at 0.6410 & 0.6390 in extension.

Alternative scenario:

Above 0.6455 look for further upside with 0.6475 & 0.6495 as targets.

Comment:

A break below 0.6410 would trigger a drop towards 0.6390.

USD/JPY Intraday: rebound.

Pivot:

150.15

Our preference:

Long positions above 150.15 with targets at 150.80 & 151.15 in extension.

Alternative scenario:

Below 150.15 look for further downside with 149.85 & 149.50 as targets.

Comment:

The RSI calls for a rebound.