2023-12-06 03:06

Crude Oil (WTI)‎ (F4)‎ Intraday: the downside prevails. Pivot: 73.00 Our preference: Short positions below 73.00 with targets at 71.70 & 71.00 in extension. Alternative scenario: Above 73.00 look for further upside with 74.10 & 75.00 as targets. Comment: The RSI is bearish and calls for further decline. Gold Intraday: key resistance at 2030.00. Pivot: 2030.00 Our preference: Short positions below 2030.00 with targets at 2010.00 & 2000.00 in extension. Alternative scenario: Above 2030.00 look for further upside with 2041.00 & 2052.00 as targets. Comment: As long as the resistance at 2030.00 is not surpassed, the risk of the break below 2010.00 remains high. EUR/USD Intraday: capped by a negative trend line. Pivot: 1.0825 Our preference: Short positions below 1.0825 with targets at 1.0770 & 1.0745 in extension. Alternative scenario: Above 1.0825 look for further upside with 1.0845 & 1.0865 as targets. Comment: Technically the RSI is below its neutrality area at 50. GBP/USD Intraday: watch 1.2570. Pivot: 1.2625 Our preference: Short positions below 1.2625 with targets at 1.2570 & 1.2545 in extension. Alternative scenario: Above 1.2625 look for further upside with 1.2645 & 1.2670 as targets. Comment: A break below 1.2570 would trigger a drop towards 1.2545. AUD/USD Intraday: capped by a negative trend line. Pivot: 0.6585 Our preference: Short positions below 0.6585 with targets at 0.6530 & 0.6510 in extension. Alternative scenario: Above 0.6585 look for further upside with 0.6610 & 0.6640 as targets. Comment: A break below 0.6530 would trigger a drop towards 0.6510. USD/JPY Intraday: bullish bias above 146.75. Pivot: 146.75 Our preference: Long positions above 146.75 with targets at 147.50 & 147.90 in extension. Alternative scenario: Below 146.75 look for further downside with 146.45 & 146.20 as targets. Comment: A support base at 146.75 has formed and has allowed for a temporary stabilisation.

2023-12-04 02:33

Crude Oil (WTI)‎ (F4)‎ Intraday: key resistance at 75.35. Pivot: 75.35 Our preference: Short positions below 75.35 with targets at 73.90 & 73.40 in extension. Alternative scenario: Above 75.35 look for further upside with 76.40 & 77.10 as targets. Comment: As long as 75.35 is resistance, look for choppy price action with a bearish bias. Gold Intraday: further advance. Pivot: 2050.00 Our preference: Long positions above 2050.00 with targets at 2085.00 & 2100.00 in extension. Alternative scenario: Below 2050.00 look for further downside with 2035.00 & 2020.00 as targets. Comment: The RSI is bullish and calls for further advance. EUR/USD Intraday: bullish bias above 1.0850. Pivot: 1.0850 Our preference: Long positions above 1.0850 with targets at 1.0910 & 1.0940 in extension. Alternative scenario: Below 1.0850 look for further downside with 1.0825 & 1.0800 as targets. Comment: The break above 1.0850 is a positive signal that has opened a path to 1.0910. GBP/USD Intraday: continuation of the rebound. Pivot: 1.2670 Our preference: Long positions above 1.2670 with targets at 1.2730 & 1.2750 in extension. Alternative scenario: Below 1.2670 look for further downside with 1.2635 & 1.2610 as targets. Comment: The RSI advocates for further advance. AUD/USD Intraday: the upside prevails. Pivot: 0.6635 Our preference: Long positions above 0.6635 with targets at 0.6690 & 0.6715 in extension. Alternative scenario: Below 0.6635 look for further downside with 0.6610 & 0.6585 as targets. Comment: The break above 0.6635 is a positive signal that has opened a path to 0.6690. USD/JPY Intraday: under pressure. Pivot: 147.50 Our preference: Short positions below 147.50 with targets at 146.40 & 146.00 in extension. Alternative scenario: Above 147.50 look for further upside with 147.90 & 148.35 as targets. Comment: The break below 147.50 is a negative signal that has opened a path to 146.40.

2023-12-01 02:56

Gold Intraday: consolidation. Pivot: 2044.00 Our preference: Short positions below 2044.00 with targets at 2032.00 & 2025.00 in extension. Alternative scenario: Above 2044.00 look for further upside with 2052.00 & 2060.00 as targets. Comment: As long as 2044.00 is resistance, look for choppy price action with a bearish bias. Crude Oil (WTI)‎ (F4)‎ Intraday: the downside prevails. Pivot: 76.55 Our preference: Short positions below 76.55 with targets at 74.70 & 74.15 in extension. Alternative scenario: Above 76.55 look for further upside with 77.00 & 77.90 as targets. Comment: The RSI is bearish and calls for further downside. EUR/USD Intraday: the downside prevails. Pivot: 1.0915 Our preference: Short positions below 1.0915 with targets at 1.0875 & 1.0860 in extension. Alternative scenario: Above 1.0915 look for further upside with 1.0930 & 1.0945 as targets. Comment: The RSI is bearish and calls for further downside. GBP/USD Intraday: under pressure Pivot: 1.2665 Our preference: Short positions below 1.2665 with targets at 1.2600 & 1.2580 in extension. Alternative scenario: Above 1.2665 look for further upside with 1.2685 & 1.2705 as targets. Comment: As long as the resistance at 1.2665 is not surpassed, the risk of the break below 1.2600 remains high. AUD/USD Intraday: key resistance at 0.6635. Pivot: 0.6635 Our preference: Short positions below 0.6635 with targets at 0.6585 & 0.6570 in extension. Alternative scenario: Above 0.6635 look for further upside with 0.6650 & 0.6670 as targets. Comment: As long as 0.6635 is resistance, look for choppy price action with a bearish bias. USD/JPY Intraday: bullish bias above 147.50. Pivot: 147.50 Our preference: Long positions above 147.50 with targets at 148.50 & 148.80 in extension. Alternative scenario: Below 147.50 look for further downside with 147.20 & 146.85 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

2023-11-30 03:34

Crude Oil (WTI)‎ (F4)‎ Intraday: intraday support around 77.00. Pivot: 77.00 Our preference: Long positions above 77.00 with targets at 78.50 & 79.20 in extension. Alternative scenario: Below 77.00 look for further downside with 76.30 & 75.75 as targets. Comment: The next resistances are at 78.50 and then at 79.20. Gold Intraday: bullish bias above 2034.00. Pivot: 2034.00 Our preference: Long positions above 2034.00 with targets at 2052.00 & 2060.00 in extension. Alternative scenario: Below 2034.00 look for further downside with 2028.00 & 2020.00 as targets. Comment: The immediate trend remains up but the momentum is weak. EUR/USD Intraday: key resistance at 1.0995. Pivot: 1.0995 Our preference: Short positions below 1.0995 with targets at 1.0950 & 1.0930 in extension. Alternative scenario: Above 1.0995 look for further upside with 1.1015 & 1.1040 as targets. Comment: As long as the resistance at 1.0995 is not surpassed, the risk of the break below 1.0950 remains high. GBP/USD Intraday: under pressure. Pivot: 1.2735 Our preference: Short positions below 1.2735 with targets at 1.2665 & 1.2640 in extension. Alternative scenario: Above 1.2735 look for further upside with 1.2760 & 1.2785 as targets. Comment: As long as 1.2735 is resistance, look for choppy price action with a bearish bias. AUD/USD Intraday: watch 0.6600. Pivot: 0.6640 Our preference: Short positions below 0.6640 with targets at 0.6600 & 0.6585 in extension. Alternative scenario: Above 0.6640 look for further upside with 0.6660 & 0.6675 as targets. Comment: A break below 0.6600 would trigger a drop towards 0.6585. USD/JPY Intraday: the downside prevails. Pivot: 147.70 Our preference: Short positions below 147.70 with targets at 146.65 & 146.30 in extension. Alternative scenario: Above 147.70 look for further upside with 148.15 & 148.65 as targets. Comment: The immediate trend remains down and the momentum is strong.

2023-11-29 03:07

Crude Oil (WTI)‎ (F4)‎ Intraday: expect 77.90. Pivot: 75.90 Our preference: Long positions above 75.90 with targets at 77.10 & 77.90 in extension. Alternative scenario: Below 75.90 look for further downside with 75.00 & 74.55 as targets. Comment: The RSI calls for a new upleg. Gold Intraday: further upside. Pivot: 2028.00 Our preference: Long positions above 2028.00 with targets at 2055.00 & 2065.00 in extension. Alternative scenario: Below 2028.00 look for further downside with 2018.00 & 2008.00 as targets. Comment: The RSI shows upside momentum. EUR/USD Intraday: further advance. Pivot: 1.0965 Our preference: Long positions above 1.0965 with targets at 1.1020 & 1.1040 in extension. Alternative scenario: Below 1.0965 look for further downside with 1.0945 & 1.0925 as targets. Comment: The RSI is bullish and calls for further upside. GBP/USD Intraday: further upside. Pivot: 1.2670 Our preference: Long positions above 1.2670 with targets at 1.2740 & 1.2760 in extension. Alternative scenario: Below 1.2670 look for further downside with 1.2640 & 1.2610 as targets. Comment: The RSI calls for a new upleg. AUD/USD Intraday: towards 0.6690. Pivot: 0.6630 Our preference: Long positions above 0.6630 with targets at 0.6675 & 0.6690 in extension. Alternative scenario: Below 0.6630 look for further downside with 0.6615 & 0.6595 as targets. Comment: The RSI advocates for further advance. USD/JPY Intraday: under pressure. Pivot: 147.70 Our preference: Short positions below 147.70 with targets at 146.50 & 146.20 in extension. Alternative scenario: Above 147.70 look for further upside with 148.00 & 148.30 as targets. Comment: The RSI has broken down its 30 level.

2023-11-28 03:33

Gold Intraday: bullish bias above 2005.00. Pivot: 2005.00 Our preference: Long positions above 2005.00 with targets at 2018.00 & 2025.00 in extension. Alternative scenario: Below 2005.00 look for further downside with 1997.00 & 1991.00 as targets. Comment: The RSI calls for a new upleg. Crude Oil (WTI)‎ (F4)‎ Intraday: intraday support around 74.55. Pivot: 74.55 Our preference: Long positions above 74.55 with targets at 75.80 & 76.30 in extension. Alternative scenario: Below 74.55 look for further downside with 73.80 & 73.00 as targets. Comment: The RSI is mixed with a bullish bias. EUR/USD Intraday: further advance. Pivot: 1.0925 Our preference: Long positions above 1.0925 with targets at 1.0970 & 1.0990 in extension. Alternative scenario: Below 1.0925 look for further downside with 1.0905 & 1.0885 as targets. Comment: The RSI is bullish and calls for further upside. GBP/USD Intraday: the upside prevails. Pivot: 1.2600 Our preference: Long positions above 1.2600 with targets at 1.2655 & 1.2675 in extension. Alternative scenario: Below 1.2600 look for further downside with 1.2580 & 1.2560 as targets. Comment: The RSI calls for a new upleg. AUD/USD Intraday: further upside. Pivot: 0.6585 Our preference: Long positions above 0.6585 with targets at 0.6630 & 0.6650 in extension. Alternative scenario: Below 0.6585 look for further downside with 0.6565 & 0.6550 as targets. Comment: The RSI is bullish and calls for further advance. USD/JPY Intraday: under pressure. Pivot: 148.90 Our preference: Short positions below 148.90 with targets at 148.10 & 147.80 in extension. Alternative scenario: Above 148.90 look for further upside with 149.10 & 149.30 as targets. Comment: The RSI advocates for further decline.