Crude Oil (WTI)‎ (F4)‎ Intraday: continuation of the rebound.
Pivot:
74.70
Our preference:
Long positions above 74.70 with targets at 76.80 & 78.10 in extension.
Alternative scenario:
Below 74.70 look for further downside with 73.90 & 73.10 as targets.
Comment:
The RSI shows upside momentum.
Gold Intraday: watch 1963.00.
Pivot:
1987.00
Our preference:
Short positions below 1987.00 with targets at 1970.00 & 1963.00 in extension.
Alternative scenario:
Above 1987.00 look for further upside with 1993.00 & 2000.00 as targets.
Comment:
The RSI advocates for further decline.
EUR/USD Intraday: the upside prevails.
Pivot:
1.0875
Our preference:
Long positions above 1.0875 with targets at 1.0930 & 1.0955 in extension.
Alternative scenario:
Below 1.0875 look for further downside with 1.0855 & 1.0835 as targets.
Comment:
Technically the RSI is above its neutrality area at 50.
GBP/USD Intraday: the upside prevails.
Pivot:
1.2410
Our preference:
Long positions above 1.2410 with targets at 1.2490 & 1.2520 in extension.
Alternative scenario:
Below 1.2410 look for further downside with 1.2375 & 1.2340 as targets.
Comment:
The RSI advocates for further upside.
AUD/USD Intraday: further advance.
Pivot:
0.6490
Our preference:
Long positions above 0.6490 with targets at 0.6530 & 0.6545 in extension.
Alternative scenario:
Below 0.6490 look for further downside with 0.6470 & 0.6455 as targets.
Comment:
The RSI advocates for further advance.
USD/JPY Intraday: key resistance at 150.00.
Pivot:
150.00
Our preference:
Short positions below 150.00 with targets at 149.20 & 148.90 in extension.
Alternative scenario:
Above 150.00 look for further upside with 150.40 & 150.80 as targets.
Comment:
The upward potential is likely to be limited by the resistance at 150.00.