Crude Oil (WTI)‎ (F4)‎ Intraday: continuation of the rebound.
Pivot:
75.95
Our preference:
Long positions above 75.95 with targets at 77.50 & 78.45 in extension.
Alternative scenario:
Below 75.95 look for further downside with 74.85 & 73.80 as targets.
Comment:
The RSI shows upside momentum.
Gold Intraday: consolidation in place.
Pivot:
1998.00
Our preference:
Short positions below 1998.00 with targets at 1983.00 & 1976.00 in extension.
Alternative scenario:
Above 1998.00 look for further upside with 2007.00 & 2014.00 as targets.
Comment:
The RSI is mixed with a bearish bias.
EUR/USD Intraday: watch 1.0850.
Pivot:
1.0900
Our preference:
Short positions below 1.0900 with targets at 1.0870 & 1.0850 in extension.
Alternative scenario:
Above 1.0900 look for further upside with 1.0920 & 1.0940 as targets.
Comment:
The upward potential is likely to be limited by the resistance at 1.0900.
GBP/USD Intraday: the downside prevails.
Pivot:
1.2515
Our preference:
Short positions below 1.2515 with targets at 1.2470 & 1.2450 in extension.
Alternative scenario:
Above 1.2515 look for further upside with 1.2535 & 1.2555 as targets.
Comment:
Technically the RSI is below its neutrality area at 50.
AUD/USD Intraday: expect 0.6505.
Pivot:
0.6565
Our preference:
Short positions below 0.6565 with targets at 0.6520 & 0.6505 in extension.
Alternative scenario:
Above 0.6565 look for further upside with 0.6585 & 0.6600 as targets.
Comment:
As long as the resistance at 0.6565 is not surpassed, the risk of the break below 0.6520 remains high.
USD/JPY Intraday: the upside prevails.
Pivot:
149.00
Our preference:
Long positions above 149.00 with targets at 149.75 & 150.10 in extension.
Alternative scenario:
Below 149.00 look for further downside with 148.70 & 148.40 as targets.
Comment:
The RSI advocates for further advance.