Crude Oil (WTI)‎ (F4)‎ Intraday: bullish bias above 76.90.

Pivot:

76.90

Our preference:

Long positions above 76.90 with targets at 78.45 & 79.00 in extension.

Alternative scenario:

Below 76.90 look for further downside with 76.30 & 75.40 as targets.

Comment:

A support base at 76.90 has formed and has allowed for a temporary stabilisation.

Gold Intraday: bullish bias above 1990.00.

Pivot:

1990.00

Our preference:

Long positions above 1990.00 with targets at 2007.00 & 2014.00 in extension.

Alternative scenario:

Below 1990.00 look for further downside with 1983.00 & 1976.00 as targets.

Comment:

The RSI is mixed with a bullish bias.

EUR/USD Intraday: towards 1.0880.

Pivot:

1.0940

Our preference:

Short positions below 1.0940 with targets at 1.0895 & 1.0880 in extension.

Alternative scenario:

Above 1.0940 look for further upside with 1.0960 & 1.0975 as targets.

Comment:

The RSI advocates for further decline.

GBP/USD Intraday: the bias remains bullish.

Pivot:

1.2515

Our preference:

Long positions above 1.2515 with targets at 1.2560 & 1.2580 in extension.

Alternative scenario:

Below 1.2515 look for further downside with 1.2495 & 1.2475 as targets.

Comment:

Technically the RSI is above its neutrality area at 50.

AUD/USD Intraday: consolidation.

Pivot:

0.6570

Our preference:

Short positions below 0.6570 with targets at 0.6540 & 0.6525 in extension.

Alternative scenario:

Above 0.6570 look for further upside with 0.6585 & 0.6600 as targets.

Comment:

As long as 0.6570 is resistance, look for choppy price action with a bearish bias.

USD/JPY Intraday: bullish bias above 147.70.

Pivot:

147.70

Our preference:

Long positions above 147.70 with targets at 148.50 & 148.80 in extension.

Alternative scenario:

Below 147.70 look for further downside with 147.40 & 147.15 as targets.

Comment:

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