Crude Oil (WTI) (F4) Intraday: choppy.
Pivot:
74.35
Our preference:
Short positions below 74.35 with targets at 72.85 & 72.00 in extension.
Alternative scenario:
Above 74.35 look for further upside with 75.00 & 75.80 as targets.
Comment:
The RSI is around its neutrality area at 50%
Gold Intraday: key resistance at 2050.00.
Pivot:
2050.00
Our preference:
Short positions below 2050.00 with targets at 2015.00 & 2000.00 in extension.
Alternative scenario:
Above 2050.00 look for further upside with 2063.00 & 2075.00 as targets.
Comment:
The RSI shows downside momentum.
EUR/USD Intraday: key resistance at 1.0865.
Pivot:
1.0865
Our preference:
Short positions below 1.0865 with targets at 1.0800 & 1.0780 in extension.
Alternative scenario:
Above 1.0865 look for further upside with 1.0890 & 1.0915 as targets.
Comment:
As long as the resistance at 1.0865 is not surpassed, the risk of the break below 1.0800 remains high.
GBP/USD Intraday: under pressure.
Pivot:
1.2665
Our preference:
Short positions below 1.2665 with targets at 1.2600 & 1.2575 in extension.
Alternative scenario:
Above 1.2665 look for further upside with 1.2690 & 1.2725 as targets.
Comment:
Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
AUD/USD Intraday: capped by a negative trend line.
Pivot:
0.6650
Our preference:
Short positions below 0.6650 with targets at 0.6595 & 0.6570 in extension.
Alternative scenario:
Above 0.6650 look for further upside with 0.6670 & 0.6690 as targets.
Comment:
A break below 0.6595 would trigger a drop towards 0.6570.
USD/JPY Intraday: bullish bias above 146.70.
Pivot:
146.70
Our preference:
Long positions above 146.70 with targets at 147.50 & 147.90 in extension.
Alternative scenario:
Below 146.70 look for further downside with 146.20 & 145.80 as targets.
Comment:
The next resistances are at 147.50 and then at 147.90.