2023-11-16 02:45

Crude Oil (WTI)‎ (Z3)‎ Intraday: under pressure. Pivot: 77.50 Our preference: Short positions below 77.50 with targets at 75.80 & 75.20 in extension. Alternative scenario: Above 77.50 look for further upside with 78.20 & 78.70 as targets. Comment: The RSI is bearish and calls for further downside. Gold Intraday: watch 1948.00. Pivot: 1967.00 Our preference: Short positions below 1967.00 with targets at 1955.00 & 1948.00 in extension. Alternative scenario: Above 1967.00 look for further upside with 1974.00 & 1980.00 as targets. Comment: The RSI advocates for further downside. EUR/USD Intraday: under pressure. Pivot: 1.0875 Our preference: Short positions below 1.0875 with targets at 1.0825 & 1.0800 in extension. Alternative scenario: Above 1.0875 look for further upside with 1.0900 & 1.0930 as targets. Comment: The RSI lacks upward momentum. GBP/USD Intraday: watch 1.2390. Pivot: 1.2455 Our preference: Short positions below 1.2455 with targets at 1.2390 & 1.2360 in extension. Alternative scenario: Above 1.2455 look for further upside with 1.2500 & 1.2540 as targets. Comment: A break below 1.2390 would trigger a drop towards 1.2360. AUD/USD Intraday: key resistance at 0.6535. Pivot: 0.6535 Our preference: Short positions below 0.6535 with targets at 0.6480 & 0.6460 in extension. Alternative scenario: Above 0.6535 look for further upside with 0.6570 & 0.6600 as targets. Comment: As long as 0.6535 is resistance, look for choppy price action with a bearish bias. USD/JPY Intraday: the upside prevails. Pivot: 150.80 Our preference: Long positions above 150.80 with targets at 151.65 & 151.95 in extension. Alternative scenario: Below 150.80 look for further downside with 150.45 & 150.20 as targets. Comment: The RSI lacks downward momentum.

2023-11-15 02:53

Gold Intraday: the upside prevails. Pivot: 1955.00 Our preference: Long positions above 1955.00 with targets at 1970.00 & 1976.00 in extension. Alternative scenario: Below 1955.00 look for further downside with 1949.00 & 1943.00 as targets. Comment: The RSI advocates for further advance. Crude Oil (WTI)‎ (Z3)‎ Intraday: the downside prevails. Pivot: 79.00 Our preference: Short positions below 79.00 with targets at 77.40 & 76.80 in extension. Alternative scenario: Above 79.00 look for further upside with 79.75 & 80.30 as targets. Comment: The RSI is bearish and calls for further decline. EUR/USD Intraday: further advance. Pivot: 1.0840 Our preference: Long positions above 1.0840 with targets at 1.0905 & 1.0930 in extension. Alternative scenario: Below 1.0840 look for further downside with 1.0810 & 1.0785 as targets. Comment: The RSI is bullish and calls for further advance. GBP/USD Intraday: further upside. Pivot: 1.2450 Our preference: Long positions above 1.2450 with targets at 1.2525 & 1.2560 in extension. Alternative scenario: Below 1.2450 look for further downside with 1.2420 & 1.2390 as targets. Comment: Technically the RSI is above its neutrality area at 50. AUD/USD Intraday: the upside prevails. Pivot: 0.6455 Our preference: Long positions above 0.6455 with targets at 0.6540 & 0.6570 in extension. Alternative scenario: Below 0.6455 look for further downside with 0.6420 & 0.6380 as targets. Comment: The break above 0.6455 is a positive signal that has opened a path to 0.6540. USD/JPY Intraday: under pressure. Pivot: 150.85 Our preference: Short positions below 150.85 with targets at 150.00 & 149.70 in extension. Alternative scenario: Above 150.85 look for further upside with 151.20 & 151.60 as targets. Comment: The RSI has broken down its 30 level.

2023-11-14 02:39

Crude Oil (WTI)‎ (Z3)‎ Intraday: further advance. Pivot: 77.50 Our preference: Long positions above 77.50 with targets at 79.00 & 79.70 in extension. Alternative scenario: Below 77.50 look for further downside with 76.90 & 76.25 as targets. Comment: Technically the RSI is above its neutrality area at 50. Gold Intraday: continuation of the rebound. Pivot: 1938.00 Our preference: Long positions above 1938.00 with targets at 1952.00 & 1958.00 in extension. Alternative scenario: Below 1938.00 look for further downside with 1933.00 & 1927.00 as targets. Comment: The RSI is bullish and calls for further upside. EUR/USD Intraday: the bias remains bullish. Pivot: 1.0675 Our preference: Long positions above 1.0675 with targets at 1.0710 & 1.0725 in extension. Alternative scenario: Below 1.0675 look for further downside with 1.0660 & 1.0645 as targets. Comment: The RSI calls for a bounce. GBP/USD Intraday: further advance. Pivot: 1.2240 Our preference: Long positions above 1.2240 with targets at 1.2305 & 1.2330 in extension. Alternative scenario: Below 1.2240 look for further downside with 1.2220 & 1.2200 as targets. Comment: The RSI is bullish and calls for further upside. AUD/USD Intraday: bullish bias above 0.6355. Pivot: 0.6355 Our preference: Long positions above 0.6355 with targets at 0.6390 & 0.6405 in extension. Alternative scenario: Below 0.6355 look for further downside with 0.6340 & 0.6325 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. USD/JPY Intraday: consolidation. Pivot: 151.90 Our preference: Short positions below 151.90 with targets at 151.40 & 151.20 in extension. Alternative scenario: Above 151.90 look for further upside with 152.10 & 152.30 as targets. Comment: The RSI is mixed with a bearish bias.

2023-11-10 03:42

Crude Oil (WTI)‎ (Z3)‎ Intraday: under pressure. Pivot: 76.45 Our preference: Short positions below 76.45 with targets at 74.90 & 74.00 in extension. Alternative scenario: Above 76.45 look for further upside with 76.90 & 77.50 as targets. Comment: Technically the RSI is below its neutrality area at 50. Gold Intraday: bullish bias above 1950.00. Pivot: 1950.00 Our preference: Long positions above 1950.00 with targets at 1965.00 & 1970.00 in extension. Alternative scenario: Below 1950.00 look for further downside with 1944.00 & 1938.00 as targets. Comment: The RSI is above its neutrality area at 50%. EUR/USD Intraday: the downside prevails. Pivot: 1.0690 Our preference: Short positions below 1.0690 with targets at 1.0650 & 1.0630 in extension. Alternative scenario: Above 1.0690 look for further upside with 1.0710 & 1.0725 as targets. Comment: The RSI is bearish and calls for further decline. GBP/USD Intraday: under pressure. Pivot: 1.2250 Our preference: Short positions below 1.2250 with targets at 1.2200 & 1.2170 in extension. Alternative scenario: Above 1.2250 look for further upside with 1.2270 & 1.2280 as targets. Comment: The RSI calls for a new downleg. USD/JPY Intraday: the upside prevails. Pivot: 151.00 Our preference: Long positions above 151.00 with targets at 151.55 & 151.75 in extension. Alternative scenario: Below 151.00 look for further downside with 150.80 & 150.65 as targets. Comment: The RSI is bullish and calls for further advance. AUD/USD Intraday: towards 0.6320. Pivot: 0.6390 Our preference: Short positions below 0.6390 with targets at 0.6340 & 0.6320 in extension. Alternative scenario: Above 0.6390 look for further upside with 0.6410 & 0.6425 as targets. Comment: The RSI has broken down its 30 level.

2023-11-09 02:43

Crude Oil (WTI)‎ (Z3)‎ Intraday: key resistance at 76.55. Pivot: 76.55 Our preference: Short positions below 76.55 with targets at 74.90 & 74.00 in extension. Alternative scenario: Above 76.55 look for further upside with 77.50 & 78.80 as targets. Comment: As long as the resistance at 76.55 is not surpassed, the risk of the break below 74.90 remains high. Gold Intraday: under pressure. Pivot: 1959.00 Our preference: Short positions below 1959.00 with targets at 1945.00 & 1938.00 in extension. Alternative scenario: Above 1959.00 look for further upside with 1965.00 & 1970.00 as targets. Comment: The RSI is bearish and calls for further downside. EUR/USD Intraday: continuation of the rebound. Pivot: 1.0680 Our preference: Long positions above 1.0680 with targets at 1.0730 & 1.0750 in extension. Alternative scenario: Below 1.0680 look for further downside with 1.0660 & 1.0640 as targets. Comment: The RSI is bullish and calls for further upside. GBP/USD Intraday: bullish bias above 1.2260. Pivot: 1.2260 Our preference: Long positions above 1.2260 with targets at 1.2300 & 1.2320 in extension. Alternative scenario: Below 1.2260 look for further downside with 1.2240 & 1.2220 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. AUD/USD Intraday: the downside prevails. Pivot: 0.6420 Our preference: Short positions below 0.6420 with targets at 0.6395 & 0.6380 in extension. Alternative scenario: Above 0.6420 look for further upside with 0.6435 & 0.6450 as targets. Comment: The RSI is bearish and calls for further downside. USD/JPY Intraday: intraday support around 150.65. Pivot: 150.65 Our preference: Long positions above 150.65 with targets at 151.05 & 151.20 in extension. Alternative scenario: Below 150.65 look for further downside with 150.50 & 150.30 as targets. Comment: Technically the RSI is above its neutrality area at 50.

2023-11-08 02:51

Crude Oil (WTI)‎ (Z3)‎ Intraday: expect 76.35. Pivot: 78.20 Our preference: Short positions below 78.20 with targets at 76.35 & 75.30 in extension. Alternative scenario: Above 78.20 look for further upside with 78.90 & 79.70 as targets. Comment: The RSI has broken down its 30 level. Gold Intraday: rebound expected. Pivot: 1961.00 Our preference: Long positions above 1961.00 with targets at 1974.00 & 1980.00 in extension. Alternative scenario: Below 1961.00 look for further downside with 1956.00 & 1951.00 as targets. Comment: The RSI calls for a bounce. EUR/USD Intraday: the bias remains bullish. Pivot: 1.0675 Our preference: Long positions above 1.0675 with targets at 1.0710 & 1.0725 in extension. Alternative scenario: Below 1.0675 look for further downside with 1.0660 & 1.0645 as targets. Comment: The RSI calls for a rebound. GBP/USD Intraday: bullish bias above 1.2260. Pivot: 1.2260 Our preference: Long positions above 1.2260 with targets at 1.2320 & 1.2340 in extension. Alternative scenario: Below 1.2260 look for further downside with 1.2240 & 1.2220 as targets. Comment: A support base at 1.2260 has formed and has allowed for a temporary stabilisation. AUD/USD Intraday: bullish bias above 0.6410. Pivot: 0.6410 Our preference: Long positions above 0.6410 with targets at 0.6445 & 0.6460 in extension. Alternative scenario: Below 0.6410 look for further downside with 0.6395 & 0.6380 as targets. Comment: The RSI calls for a rebound. USD/JPY Intraday: consolidation. Pivot: 150.65 Our preference: Short positions below 150.65 with targets at 150.15 & 150.00 in extension. Alternative scenario: Above 150.65 look for further upside with 150.80 & 151.00 as targets. Comment: The RSI is mixed with a bearish bias.