2023-11-27 03:23

Gold Intraday: watch 2011.00. Pivot: 1996.00 Our preference: Long positions above 1996.00 with targets at 2006.00 & 2011.00 in extension. Alternative scenario: Below 1996.00 look for further downside with 1991.00 & 1986.00 as targets. Comment: The RSI is bullish and calls for further upside. Crude Oil (WTI)‎ (F4)‎ Intraday: expect 74.85. Pivot: 76.00 Our preference: Short positions below 76.00 with targets at 74.85 & 73.80 in extension. Alternative scenario: Above 76.00 look for further upside with 77.10 & 77.95 as targets. Comment: The RSI is mixed with a bearish bias. EUR/USD Intraday: the upside prevails. Pivot: 1.0915 Our preference: Long positions above 1.0915 with targets at 1.0960 & 1.0975 in extension. Alternative scenario: Below 1.0915 look for further downside with 1.0900 & 1.0885 as targets. Comment: The RSI calls for a new upleg. GBP/USD Intraday: further advance. Pivot: 1.2560 Our preference: Long positions above 1.2560 with targets at 1.2630 & 1.2650 in extension. Alternative scenario: Below 1.2560 look for further downside with 1.2540 & 1.2520 as targets. Comment: The RSI advocates for further upside. AUD/USD Intraday: bullish bias above 0.6560. Pivot: 0.6560 Our preference: Long positions above 0.6560 with targets at 0.6600 & 0.6615 in extension. Alternative scenario: Below 0.6560 look for further downside with 0.6545 & 0.6530 as targets. Comment: The RSI is above its neutrality area at 50%. USD/JPY Intraday: the bias remains bullish. Pivot: 149.20 Our preference: Long positions above 149.20 with targets at 149.75 & 150.00 in extension. Alternative scenario: Below 149.20 look for further downside with 148.90 & 148.60 as targets. Comment: The RSI calls for a bounce.

2023-11-24 03:51

Crude Oil (WTI)‎ (F4)‎ Intraday: key resistance at 76.75. Pivot: 76.75 Our preference: Short positions below 76.75 with targets at 75.30 & 74.85 in extension. Alternative scenario: Above 76.75 look for further upside with 77.50 & 78.45 as targets. Comment: The RSI has just struck against its neutrality area at 50%. Gold Intraday: consolidation in place. Pivot: 1998.00 Our preference: Short positions below 1998.00 with targets at 1988.00 & 1983.00 in extension. Alternative scenario: Above 1998.00 look for further upside with 2003.00 & 2007.00 as targets. Comment: As long as 1998.00 is resistance, look for choppy price action with a bearish bias. EUR/USD Intraday: the bias remains bullish. Pivot: 1.0885 Our preference: Long positions above 1.0885 with targets at 1.0920 & 1.0935 in extension. Alternative scenario: Below 1.0885 look for further downside with 1.0870 & 1.0850 as targets. Comment: A support base at 1.0885 has formed and has allowed for a temporary stabilisation. GBP/USD Intraday: bullish bias above 1.2515. Pivot: 1.2515 Our preference: Long positions above 1.2515 with targets at 1.2545 & 1.2560 in extension. Alternative scenario: Below 1.2515 look for further downside with 1.2500 & 1.2485 as targets. Comment: Technically the RSI is above its neutrality area at 50. AUD/USD Intraday: the bias remains bullish. Pivot: 0.6535 Our preference: Long positions above 0.6535 with targets at 0.6585 & 0.6600 in extension. Alternative scenario: Below 0.6535 look for further downside with 0.6520 & 0.6505 as targets. Comment: The RSI is mixed with a bullish bias. USD/JPY Intraday: 150.00 in sight. Pivot: 149.20 Our preference: Long positions above 149.20 with targets at 149.75 & 150.00 in extension. Alternative scenario: Below 149.20 look for further downside with 148.90 & 148.60 as targets. Comment: The RSI calls for a bounce.

2023-11-23 03:22

Crude Oil (WTI)‎ (F4)‎ Intraday: continuation of the rebound. Pivot: 75.95 Our preference: Long positions above 75.95 with targets at 77.50 & 78.45 in extension. Alternative scenario: Below 75.95 look for further downside with 74.85 & 73.80 as targets. Comment: The RSI shows upside momentum. Gold Intraday: consolidation in place. Pivot: 1998.00 Our preference: Short positions below 1998.00 with targets at 1983.00 & 1976.00 in extension. Alternative scenario: Above 1998.00 look for further upside with 2007.00 & 2014.00 as targets. Comment: The RSI is mixed with a bearish bias. EUR/USD Intraday: watch 1.0850. Pivot: 1.0900 Our preference: Short positions below 1.0900 with targets at 1.0870 & 1.0850 in extension. Alternative scenario: Above 1.0900 look for further upside with 1.0920 & 1.0940 as targets. Comment: The upward potential is likely to be limited by the resistance at 1.0900. GBP/USD Intraday: the downside prevails. Pivot: 1.2515 Our preference: Short positions below 1.2515 with targets at 1.2470 & 1.2450 in extension. Alternative scenario: Above 1.2515 look for further upside with 1.2535 & 1.2555 as targets. Comment: Technically the RSI is below its neutrality area at 50. AUD/USD Intraday: expect 0.6505. Pivot: 0.6565 Our preference: Short positions below 0.6565 with targets at 0.6520 & 0.6505 in extension. Alternative scenario: Above 0.6565 look for further upside with 0.6585 & 0.6600 as targets. Comment: As long as the resistance at 0.6565 is not surpassed, the risk of the break below 0.6520 remains high. USD/JPY Intraday: the upside prevails. Pivot: 149.00 Our preference: Long positions above 149.00 with targets at 149.75 & 150.10 in extension. Alternative scenario: Below 149.00 look for further downside with 148.70 & 148.40 as targets. Comment: The RSI advocates for further advance.

2023-11-22 04:24

Crude Oil (WTI)‎ (F4)‎ Intraday: bullish bias above 76.90. Pivot: 76.90 Our preference: Long positions above 76.90 with targets at 78.45 & 79.00 in extension. Alternative scenario: Below 76.90 look for further downside with 76.30 & 75.40 as targets. Comment: A support base at 76.90 has formed and has allowed for a temporary stabilisation. Gold Intraday: bullish bias above 1990.00. Pivot: 1990.00 Our preference: Long positions above 1990.00 with targets at 2007.00 & 2014.00 in extension. Alternative scenario: Below 1990.00 look for further downside with 1983.00 & 1976.00 as targets. Comment: The RSI is mixed with a bullish bias. EUR/USD Intraday: towards 1.0880. Pivot: 1.0940 Our preference: Short positions below 1.0940 with targets at 1.0895 & 1.0880 in extension. Alternative scenario: Above 1.0940 look for further upside with 1.0960 & 1.0975 as targets. Comment: The RSI advocates for further decline. GBP/USD Intraday: the bias remains bullish. Pivot: 1.2515 Our preference: Long positions above 1.2515 with targets at 1.2560 & 1.2580 in extension. Alternative scenario: Below 1.2515 look for further downside with 1.2495 & 1.2475 as targets. Comment: Technically the RSI is above its neutrality area at 50. AUD/USD Intraday: consolidation. Pivot: 0.6570 Our preference: Short positions below 0.6570 with targets at 0.6540 & 0.6525 in extension. Alternative scenario: Above 0.6570 look for further upside with 0.6585 & 0.6600 as targets. Comment: As long as 0.6570 is resistance, look for choppy price action with a bearish bias. USD/JPY Intraday: bullish bias above 147.70. Pivot: 147.70 Our preference: Long positions above 147.70 with targets at 148.50 & 148.80 in extension. Alternative scenario: Below 147.70 look for further downside with 147.40 & 147.15 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

2023-11-21 04:54

Crude Oil (WTI)‎ (F4)‎ Intraday: the bias remains bullish. Pivot: 77.25 Our preference: Long positions above 77.25 with targets at 78.45 & 79.00 in extension. Alternative scenario: Below 77.25 look for further downside with 76.30 & 75.40 as targets. Comment: Investors have to remain cautious since these levels may trigger profit taking. Gold Intraday: continuation of the rebound. Pivot: 1970.00 Our preference: Long positions above 1970.00 with targets at 1985.00 & 1993.00 in extension. Alternative scenario: Below 1970.00 look for further downside with 1963.00 & 1957.00 as targets. Comment: The RSI calls for a bounce. EUR/USD Intraday: the upside prevails. Pivot: 1.0920 Our preference: Long positions above 1.0920 with targets at 1.0960 & 1.0975 in extension. Alternative scenario: Below 1.0920 look for further downside with 1.0905 & 1.0890 as targets. Comment: The RSI advocates for further advance. GBP/USD Intraday: the bias remains bullish. Pivot: 1.2475 Our preference: Long positions above 1.2475 with targets at 1.2525 & 1.2540 in extension. Alternative scenario: Below 1.2475 look for further downside with 1.2460 & 1.2445 as targets. Comment: Technically the RSI is above its neutrality area at 50. AUD/USD Intraday: further advance. Pivot: 0.6535 Our preference: Long positions above 0.6535 with targets at 0.6575 & 0.6590 in extension. Alternative scenario: Below 0.6535 look for further downside with 0.6520 & 0.6505 as targets. Comment: The RSI is bullish and calls for further upside. USD/JPY Intraday: the downside prevails. Pivot: 148.70 Our preference: Short positions below 148.70 with targets at 148.00 & 147.70 in extension. Alternative scenario: Above 148.70 look for further upside with 149.00 & 149.20 as targets. Comment: The RSI calls for a new downleg.

2023-11-20 02:23

Crude Oil (WTI)‎ (F4)‎ Intraday: continuation of the rebound. Pivot: 74.70 Our preference: Long positions above 74.70 with targets at 76.80 & 78.10 in extension. Alternative scenario: Below 74.70 look for further downside with 73.90 & 73.10 as targets. Comment: The RSI shows upside momentum. Gold Intraday: watch 1963.00. Pivot: 1987.00 Our preference: Short positions below 1987.00 with targets at 1970.00 & 1963.00 in extension. Alternative scenario: Above 1987.00 look for further upside with 1993.00 & 2000.00 as targets. Comment: The RSI advocates for further decline. EUR/USD Intraday: the upside prevails. Pivot: 1.0875 Our preference: Long positions above 1.0875 with targets at 1.0930 & 1.0955 in extension. Alternative scenario: Below 1.0875 look for further downside with 1.0855 & 1.0835 as targets. Comment: Technically the RSI is above its neutrality area at 50. GBP/USD Intraday: the upside prevails. Pivot: 1.2410 Our preference: Long positions above 1.2410 with targets at 1.2490 & 1.2520 in extension. Alternative scenario: Below 1.2410 look for further downside with 1.2375 & 1.2340 as targets. Comment: The RSI advocates for further upside. AUD/USD Intraday: further advance. Pivot: 0.6490 Our preference: Long positions above 0.6490 with targets at 0.6530 & 0.6545 in extension. Alternative scenario: Below 0.6490 look for further downside with 0.6470 & 0.6455 as targets. Comment: The RSI advocates for further advance. USD/JPY Intraday: key resistance at 150.00. Pivot: 150.00 Our preference: Short positions below 150.00 with targets at 149.20 & 148.90 in extension. Alternative scenario: Above 150.00 look for further upside with 150.40 & 150.80 as targets. Comment: The upward potential is likely to be limited by the resistance at 150.00.