Crude Oil (WTI)‎ (F4)‎ Intraday: under pressure.

Pivot:

70.75

Our preference:

Short positions below 70.75 with targets at 68.00 & 67.00 in extension.

Alternative scenario:

Above 70.75 look for further upside with 72.00 & 72.90 as targets.

Comment:

As long as 70.75 is resistance, likely decline to 68.00.

Gold Intraday: consolidation in place.

Pivot:

2035.00

Our preference:

Short positions below 2035.00 with targets at 2019.00 & 2010.00 in extension.

Alternative scenario:

Above 2035.00 look for further upside with 2043.00 & 2050.00 as targets.

Comment:

As long as 2035.00 is resistance, look for choppy price action with a bearish bias.

EUR/USD Intraday: watch 1.0745.

Pivot:

1.0800

Our preference:

Short positions below 1.0800 with targets at 1.0745 & 1.0720 in extension.

Alternative scenario:

Above 1.0800 look for further upside with 1.0825 & 1.0845 as targets.

Comment:

A break below 1.0745 would trigger a drop towards 1.0720.

GBP/USD Intraday: capped by a negative trend line.

Pivot:

1.2605

Our preference:

Short positions below 1.2605 with targets at 1.2530 & 1.2500 in extension.

Alternative scenario:

Above 1.2605 look for further upside with 1.2640 & 1.2670 as targets.

Comment:

The RSI lacks upward momentum.

AUD/USD Intraday: watch 0.6535.

Pivot:

0.6575

Our preference:

Short positions below 0.6575 with targets at 0.6535 & 0.6515 in extension.

Alternative scenario:

Above 0.6575 look for further upside with 0.6600 & 0.6625 as targets.

Comment:

A break below 0.6535 would trigger a drop towards 0.6515.

USD/JPY Intraday: bullish bias above 146.90.

Pivot:

146.90

Our preference:

Long positions above 146.90 with targets at 147.50 & 147.90 in extension.

Alternative scenario:

Below 146.90 look for further downside with 146.55 & 146.20 as targets.

Comment:

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