2024-01-03 02:44

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.

2024-01-02 02:02

Crude Oil (WTI)‎ (G4)‎ Intraday: key resistance at 72.55. Pivot: 72.55 Our preference: Short positions below 72.55 with targets at 71.20 & 70.45 in extension. Alternative scenario: Above 72.55 look for further upside with 73.70 & 74.30 as targets. Comment: As long as the resistance at 72.55 is not surpassed, the risk of the break below 71.20 remains high. Gold Intraday: intraday support around 2057.00. Pivot: 2057.00 Our preference: Long positions above 2057.00 with targets at 2074.00 & 2080.00 in extension. Alternative scenario: Below 2057.00 look for further downside with 2051.00 & 2047.00 as targets. Comment: A support base at 2057.00 has formed and has allowed for a temporary stabilisation. AUD/USD Intraday: the downside prevails. Pivot: 0.6835 Our preference: Short positions below 0.6835 with targets at 0.6795 & 0.6780 in extension. Alternative scenario: Above 0.6835 look for further upside with 0.6850 & 0.6870 as targets. Comment: Technically the RSI is below its neutrality area at 50. GBP/USD Intraday: watch 1.2680. Pivot: 1.2755 Our preference: Short positions below 1.2755 with targets at 1.2700 & 1.2680 in extension. Alternative scenario: Above 1.2755 look for further upside with 1.2770 & 1.2785 as targets. Comment: As long as the resistance at 1.2755 is not surpassed, the risk of the break below 1.2700 remains high. USD/JPY Intraday: the downside prevails. Pivot: 141.35 Our preference: Short positions below 141.35 with targets at 140.60 & 140.25 in extension. Alternative scenario: Above 141.35 look for further upside with 141.65 & 141.90 as targets. Comment: The RSI advocates for further decline. EUR/USD Intraday: towards 1.1000. Pivot: 1.1065 Our preference: Short positions below 1.1065 with targets at 1.1020 & 1.1000 in extension. Alternative scenario: Above 1.1065 look for further upside with 1.1080 & 1.1100 as targets. Comment: The RSI advocates for further downside.

2023-12-29 03:33

Crude Oil (WTI)‎ (G4)‎ Intraday: the downside prevails. Pivot: 72.75 Our preference: Short positions below 72.75 with targets at 71.15 & 70.65 in extension. Alternative scenario: Above 72.75 look for further upside with 73.80 & 74.40 as targets. Comment: The RSI shows downside momentum. Gold Intraday: expect 2051.00. Pivot: 2076.00 Our preference: Short positions below 2076.00 with targets at 2060.00 & 2051.00 in extension. Alternative scenario: Above 2076.00 look for further upside with 2082.00 & 2088.00 as targets. Comment: The RSI is bearish and calls for further decline. EUR/USD Intraday: watch 1.1030. Pivot: 1.1090 Our preference: Short positions below 1.1090 with targets at 1.1050 & 1.1030 in extension. Alternative scenario: Above 1.1090 look for further upside with 1.1110 & 1.1130 as targets. Comment: The RSI advocates for further downside. GBP/USD Intraday: under pressure. Pivot: 1.2760 Our preference: Short positions below 1.2760 with targets at 1.2710 & 1.2690 in extension. Alternative scenario: Above 1.2760 look for further upside with 1.2780 & 1.2800 as targets. Comment: The RSI is bearish and calls for further decline. AUD/USD Intraday: expect 0.6790. Pivot: 0.6850 Our preference: Short positions below 0.6850 with targets at 0.6810 & 0.6790 in extension. Alternative scenario: Above 0.6850 look for further upside with 0.6870 & 0.6890 as targets. Comment: The RSI calls for a new downleg. USD/JPY Intraday: bullish bias above 140.90. Pivot: 140.90 Our preference: Long positions above 140.90 with targets at 141.80 & 142.20 in extension. Alternative scenario: Below 140.90 look for further downside with 140.60 & 140.25 as targets. Comment: The RSI calls for a rebound.

2023-12-28 01:46

Crude Oil (WTI)‎ (G4)‎ Intraday: under pressure. Pivot: 74.75 Our preference: Short positions below 74.75 with targets at 73.15 & 72.45 in extension. Alternative scenario: Above 74.75 look for further upside with 75.55 & 76.15 as targets. Comment: The RSI has broken down its 30 level. Gold Intraday: bullish bias above 2070.00. Pivot: 2070.00 Our preference: Long positions above 2070.00 with targets at 2084.00 & 2090.00 in extension. Alternative scenario: Below 2070.00 look for further downside with 2060.00 & 2054.00 as targets. Comment: The RSI has just landed on its neutrality area at 50% and is turning up. EUR/USD Intraday: further advance. Pivot: 1.1080 Our preference: Long positions above 1.1080 with targets at 1.1130 & 1.1150 in extension. Alternative scenario: Below 1.1080 look for further downside with 1.1060 & 1.1040 as targets. Comment: The RSI is bullish and calls for further upside. GBP/USD Intraday: further upside. Pivot: 1.2760 Our preference: Long positions above 1.2760 with targets at 1.2830 & 1.2850 in extension. Alternative scenario: Below 1.2760 look for further downside with 1.2740 & 1.2720 as targets. Comment: The RSI shows upside momentum. AUD/USD Intraday: towards 0.6880. Pivot: 0.6825 Our preference: Long positions above 0.6825 with targets at 0.6865 & 0.6880 in extension. Alternative scenario: Below 0.6825 look for further downside with 0.6810 & 0.6795 as targets. Comment: The RSI advocates for further advance. USD/JPY Intraday: the downside prevails. Pivot: 142.15 Our preference: Short positions below 142.15 with targets at 141.20 & 140.90 in extension. Alternative scenario: Above 142.15 look for further upside with 142.45 & 142.80 as targets. Comment: The RSI has broken down its 30 level.

2023-12-27 01:36

Crude Oil (WTI)‎ (G4)‎ Intraday: bullish bias above 74.55. Pivot: 74.55 Our preference: Long positions above 74.55 with targets at 76.15 & 76.90 in extension. Alternative scenario: Below 74.55 look for further downside with 73.95 & 73.15 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Gold Intraday: the upside prevails. Pivot: 2057.00 Our preference: Long positions above 2057.00 with targets at 2076.00 & 2082.00 in extension. Alternative scenario: Below 2057.00 look for further downside with 2051.00 & 2046.00 as targets. Comment: The RSI is bullish and calls for further advance. EUR/USD Intraday: further advance. Pivot: 1.1020 Our preference: Long positions above 1.1020 with targets at 1.1055 & 1.1070 in extension. Alternative scenario: Below 1.1020 look for further downside with 1.1005 & 1.0990 as targets. Comment: The RSI advocates for further advance. GBP/USD Intraday: towards 1.2760. Pivot: 1.2700 Our preference: Long positions above 1.2700 with targets at 1.2745 & 1.2760 in extension. Alternative scenario: Below 1.2700 look for further downside with 1.2680 & 1.2665 as targets. Comment: The RSI calls for a bounce. AUD/USD Intraday: further upside. Pivot: 0.6805 Our preference: Long positions above 0.6805 with targets at 0.6840 & 0.6855 in extension. Alternative scenario: Below 0.6805 look for further downside with 0.6790 & 0.6770 as targets. Comment: The RSI calls for a new upleg. USD/JPY Intraday: bullish bias above 142.30. Pivot: 142.30 Our preference: Long positions above 142.30 with targets at 142.80 & 143.00 in extension. Alternative scenario: Below 142.30 look for further downside with 142.10 & 141.90 as targets. Comment: The RSI shows upside momentum.

2023-12-20 02:05

Crude Oil (WTI)‎ (G4)‎ Intraday: intraday support around 73.00. Pivot: 73.00 Our preference: Long positions above 73.00 with targets at 74.60 & 75.40 in extension. Alternative scenario: Below 73.00 look for further downside with 72.10 & 71.00 as targets. Comment: The next resistances are at 74.60 and then at 75.40. Gold Intraday: bullish bias above 2033.00. Pivot: 2033.00 Our preference: Long positions above 2033.00 with targets at 2047.00 & 2053.00 in extension. Alternative scenario: Below 2033.00 look for further downside with 2027.00 & 2022.00 as targets. Comment: The RSI is mixed with a bullish bias. EUR/USD Intraday: the upside prevails. Pivot: 1.0945 Our preference: Long positions above 1.0945 with targets at 1.0990 & 1.1010 in extension. Alternative scenario: Below 1.0945 look for further downside with 1.0925 & 1.0905 as targets. Comment: Technically the RSI is above its neutrality area at 50. GBP/USD Intraday: bullish bias above 1.2700. Pivot: 1.2700 Our preference: Long positions above 1.2700 with targets at 1.2760 & 1.2790 in extension. Alternative scenario: Below 1.2700 look for further downside with 1.2670 & 1.2645 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. USD/JPY Intraday: bullish bias above 143.40. Pivot: 143.40 Our preference: Long positions above 143.40 with targets at 144.35 & 144.90 in extension. Alternative scenario: Below 143.40 look for further downside with 142.90 & 142.40 as targets. Comment: A support base at 143.40 has formed and has allowed for a temporary stabilisation. AUD/USD Intraday: the bias remains bullish. Pivot: 0.6735 Our preference: Long positions above 0.6735 with targets at 0.6775 & 0.6800 in extension. Alternative scenario: Below 0.6735 look for further downside with 0.6710 & 0.6690 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.