Crude Oil (WTI) (Z3) Intraday: expect 76.35.
Pivot:
78.20
Our preference:
Short positions below 78.20 with targets at 76.35 & 75.30 in extension.
Alternative scenario:
Above 78.20 look for further upside with 78.90 & 79.70 as targets.
Comment:
The RSI has broken down its 30 level.
Gold Intraday: rebound expected.
Pivot:
1961.00
Our preference:
Long positions above 1961.00 with targets at 1974.00 & 1980.00 in extension.
Alternative scenario:
Below 1961.00 look for further downside with 1956.00 & 1951.00 as targets.
Comment:
The RSI calls for a bounce.
EUR/USD Intraday: the bias remains bullish.
Pivot:
1.0675
Our preference:
Long positions above 1.0675 with targets at 1.0710 & 1.0725 in extension.
Alternative scenario:
Below 1.0675 look for further downside with 1.0660 & 1.0645 as targets.
Comment:
The RSI calls for a rebound.
GBP/USD Intraday: bullish bias above 1.2260.
Pivot:
1.2260
Our preference:
Long positions above 1.2260 with targets at 1.2320 & 1.2340 in extension.
Alternative scenario:
Below 1.2260 look for further downside with 1.2240 & 1.2220 as targets.
Comment:
A support base at 1.2260 has formed and has allowed for a temporary stabilisation.
AUD/USD Intraday: bullish bias above 0.6410.
Pivot:
0.6410
Our preference:
Long positions above 0.6410 with targets at 0.6445 & 0.6460 in extension.
Alternative scenario:
Below 0.6410 look for further downside with 0.6395 & 0.6380 as targets.
Comment:
The RSI calls for a rebound.
USD/JPY Intraday: consolidation.
Pivot:
150.65
Our preference:
Short positions below 150.65 with targets at 150.15 & 150.00 in extension.
Alternative scenario:
Above 150.65 look for further upside with 150.80 & 151.00 as targets.
Comment:
The RSI is mixed with a bearish bias.