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

Pivot:

77.50

Our preference:

Short positions below 77.50 with targets at 75.80 & 75.20 in extension.

Alternative scenario:

Above 77.50 look for further upside with 78.20 & 78.70 as targets.

Comment:

The RSI is bearish and calls for further downside.

Gold Intraday: watch 1948.00.

Pivot:

1967.00

Our preference:

Short positions below 1967.00 with targets at 1955.00 & 1948.00 in extension.

Alternative scenario:

Above 1967.00 look for further upside with 1974.00 & 1980.00 as targets.

Comment:

The RSI advocates for further downside.

EUR/USD Intraday: under pressure.

Pivot:

1.0875

Our preference:

Short positions below 1.0875 with targets at 1.0825 & 1.0800 in extension.

Alternative scenario:

Above 1.0875 look for further upside with 1.0900 & 1.0930 as targets.

Comment:

The RSI lacks upward momentum.

GBP/USD Intraday: watch 1.2390.

Pivot:

1.2455

Our preference:

Short positions below 1.2455 with targets at 1.2390 & 1.2360 in extension.

Alternative scenario:

Above 1.2455 look for further upside with 1.2500 & 1.2540 as targets.

Comment:

A break below 1.2390 would trigger a drop towards 1.2360.

AUD/USD Intraday: key resistance at 0.6535.

Pivot:

0.6535

Our preference:

Short positions below 0.6535 with targets at 0.6480 & 0.6460 in extension.

Alternative scenario:

Above 0.6535 look for further upside with 0.6570 & 0.6600 as targets.

Comment:

As long as 0.6535 is resistance, look for choppy price action with a bearish bias.

USD/JPY Intraday: the upside prevails.

Pivot:

150.80

Our preference:

Long positions above 150.80 with targets at 151.65 & 151.95 in extension.

Alternative scenario:

Below 150.80 look for further downside with 150.45 & 150.20 as targets.

Comment:

The RSI lacks downward momentum.