Crude Oil (WTI)‎ (F4)‎ Intraday: the bias remains bullish.
Pivot:
77.25
Our preference:
Long positions above 77.25 with targets at 78.45 & 79.00 in extension.
Alternative scenario:
Below 77.25 look for further downside with 76.30 & 75.40 as targets.
Comment:
Investors have to remain cautious since these levels may trigger profit taking.
Gold Intraday: continuation of the rebound.
Pivot:
1970.00
Our preference:
Long positions above 1970.00 with targets at 1985.00 & 1993.00 in extension.
Alternative scenario:
Below 1970.00 look for further downside with 1963.00 & 1957.00 as targets.
Comment:
The RSI calls for a bounce.
EUR/USD Intraday: the upside prevails.
Pivot:
1.0920
Our preference:
Long positions above 1.0920 with targets at 1.0960 & 1.0975 in extension.
Alternative scenario:
Below 1.0920 look for further downside with 1.0905 & 1.0890 as targets.
Comment:
The RSI advocates for further advance.
GBP/USD Intraday: the bias remains bullish.
Pivot:
1.2475
Our preference:
Long positions above 1.2475 with targets at 1.2525 & 1.2540 in extension.
Alternative scenario:
Below 1.2475 look for further downside with 1.2460 & 1.2445 as targets.
Comment:
Technically the RSI is above its neutrality area at 50.
AUD/USD Intraday: further advance.
Pivot:
0.6535
Our preference:
Long positions above 0.6535 with targets at 0.6575 & 0.6590 in extension.
Alternative scenario:
Below 0.6535 look for further downside with 0.6520 & 0.6505 as targets.
Comment:
The RSI is bullish and calls for further upside.
USD/JPY Intraday: the downside prevails.
Pivot:
148.70
Our preference:
Short positions below 148.70 with targets at 148.00 & 147.70 in extension.
Alternative scenario:
Above 148.70 look for further upside with 149.00 & 149.20 as targets.
Comment:
The RSI calls for a new downleg.