Crude Oil (WTI)‎ (G4)‎ Intraday: key resistance at 71.25.

Pivot:

71.25

Our preference:

Short positions below 71.25 with targets at 69.55 & 69.00 in extension.

Alternative scenario:

Above 71.25 look for further upside with 71.70 & 72.20 as targets.

Comment:

As long as 71.25 is resistance, likely decline to 69.55.

Gold Intraday: under pressure.

Pivot:

2068.00

Our preference:

Short positions below 2068.00 with targets at 2051.00 & 2045.00 in extension.

Alternative scenario:

Above 2068.00 look for further upside with 2074.00 & 2080.00 as targets.

Comment:

The RSI is bearish and calls for further decline.

AUD/USD Intraday: watch 0.6720.

Pivot:

0.6800

Our preference:

Short positions below 0.6800 with targets at 0.6740 & 0.6720 in extension.

Alternative scenario:

Above 0.6800 look for further upside with 0.6820 & 0.6840 as targets.

Comment:

The RSI advocates for further decline.

GBP/USD Intraday: the downside prevails.

Pivot:

1.2670

Our preference:

Short positions below 1.2670 with targets at 1.2590 & 1.2560 in extension.

Alternative scenario:

Above 1.2670 look for further upside with 1.2700 & 1.2730 as targets.

Comment:

The RSI calls for a new downleg.

USD/JPY Intraday: further advance.

Pivot:

141.65

Our preference:

Long positions above 141.65 with targets at 142.40 & 142.60 in extension.

Alternative scenario:

Below 141.65 look for further downside with 141.50 & 141.30 as targets.

Comment:

The RSI is bullish and calls for further upside.

EUR/USD Intraday: under pressure.

Pivot:

1.0990

Our preference:

Short positions below 1.0990 with targets at 1.0910 & 1.0880 in extension.

Alternative scenario:

Above 1.0990 look for further upside with 1.1015 & 1.1035 as targets.

Comment:

The RSI is bearish and calls for further downside.