2023-11-07 02:27

Crude Oil (WTI)‎ (Z3)‎ Intraday: expect 79.50. Pivot: 82.00 Our preference: Short positions below 82.00 with targets at 80.10 & 79.50 in extension. Alternative scenario: Above 82.00 look for further upside with 82.60 & 83.30 as targets. Comment: As long as the resistance at 82.00 is not surpassed, the risk of the break below 80.10 remains high. Gold Intraday: the downside prevails. 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 is bearish and calls for further decline. EUR/USD Intraday: under pressure. Pivot: 1.0755 Our preference: Short positions below 1.0755 with targets at 1.0690 & 1.0660 in extension. Alternative scenario: Above 1.0755 look for further upside with 1.0780 & 1.0800 as targets. Comment: The RSI calls for a drop. GBP/USD Intraday: watch 1.2315. Pivot: 1.2400 Our preference: Short positions below 1.2400 with targets at 1.2315 & 1.2280 in extension. Alternative scenario: Above 1.2400 look for further upside with 1.2430 & 1.2460 as targets. Comment: A break below 1.2315 would trigger a drop towards 1.2280. AUD/USD Intraday: watch 0.6475. Pivot: 0.6515 Our preference: Short positions below 0.6515 with targets at 0.6475 & 0.6455 in extension. Alternative scenario: Above 0.6515 look for further upside with 0.6535 & 0.6555 as targets. Comment: A break below 0.6475 would trigger a drop towards 0.6455. USD/JPY Intraday: the upside prevails. Pivot: 149.70 Our preference: Long positions above 149.70 with targets at 150.25 & 150.50 in extension. Alternative scenario: Below 149.70 look for further downside with 149.40 & 149.15 as targets. Comment: The RSI is bullish and calls for further upside.

2023-11-06 02:09

Crude Oil (WTI)‎ (Z3)‎ Intraday: under pressure. Pivot: 81.60 Our preference: Short positions below 81.60 with targets at 80.30 & 79.80 in extension. Alternative scenario: Above 81.60 look for further upside with 82.30 & 83.40 as targets. Comment: The RSI is below its neutrality area at 50% Gold Intraday: the bias remains bullish. Pivot: 1984.00 Our preference: Long positions above 1984.00 with targets at 1995.00 & 2000.00 in extension. Alternative scenario: Below 1984.00 look for further downside with 1978.00 & 1970.00 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. EUR/USD Intraday: towards 1.0770. Pivot: 1.0690 Our preference: Long positions above 1.0690 with targets at 1.0745 & 1.0770 in extension. Alternative scenario: Below 1.0690 look for further downside with 1.0660 & 1.0630 as targets. Comment: The RSI is bullish and calls for further upside. GBP/USD Intraday: the upside prevails. Pivot: 1.2315 Our preference: Long positions above 1.2315 with targets at 1.2400 & 1.2430 in extension. Alternative scenario: Below 1.2315 look for further downside with 1.2280 & 1.2250 as targets. Comment: The RSI advocates for further upside. AUD/USD Intraday: further advance. Pivot: 0.6480 Our preference: Long positions above 0.6480 with targets at 0.6535 & 0.6555 in extension. Alternative scenario: Below 0.6480 look for further downside with 0.6455 & 0.6435 as targets. Comment: The RSI is bullish and calls for further advance. USD/JPY Intraday: 149.00 in sight. Pivot: 149.75 Our preference: Short positions below 149.75 with targets at 149.20 & 149.00 in extension. Alternative scenario: Above 149.75 look for further upside with 150.00 & 150.20 as targets. Comment: As long as the resistance at 149.75 is not surpassed, the risk of the break below 149.20 remains high.

2023-11-03 04:03

Crude Oil (WTI)‎ (Z3)‎ Intraday: bullish bias above 81.50. Pivot: 81.50 Our preference: Long positions above 81.50 with targets at 83.40 & 84.20 in extension. Alternative scenario: Below 81.50 look for further downside with 80.90 & 80.30 as targets. Comment: The RSI advocates for further advance. Gold Intraday: key resistance at 1991.00. Pivot: 1991.00 Our preference: Short positions below 1991.00 with targets at 1978.00 & 1970.00 in extension. Alternative scenario: Above 1991.00 look for further upside with 1998.00 & 2005.00 as targets. Comment: As long as 1991.00 is resistance, look for choppy price action with a bearish bias. EUR/USD Intraday: key resistance at 1.0640. Pivot: 1.0640 Our preference: Short positions below 1.0640 with targets at 1.0600 & 1.0575 in extension. Alternative scenario: Above 1.0640 look for further upside with 1.0665 & 1.0685 as targets. Comment: The RSI shows downside momentum. GBP/USD Intraday: the bias remains bullish. Pivot: 1.2165 Our preference: Long positions above 1.2165 with targets at 1.2210 & 1.2225 in extension. Alternative scenario: Below 1.2165 look for further downside with 1.2145 & 1.2125 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. AUD/USD Intraday: watch 0.6410. Pivot: 0.6455 Our preference: Short positions below 0.6455 with targets at 0.6410 & 0.6390 in extension. Alternative scenario: Above 0.6455 look for further upside with 0.6475 & 0.6495 as targets. Comment: A break below 0.6410 would trigger a drop towards 0.6390. USD/JPY Intraday: rebound. Pivot: 150.15 Our preference: Long positions above 150.15 with targets at 150.80 & 151.15 in extension. Alternative scenario: Below 150.15 look for further downside with 149.85 & 149.50 as targets. Comment: The RSI calls for a rebound.

2023-11-02 02:51

Crude Oil (WTI)‎ (Z3)‎ Intraday: watch 79.80. Pivot: 81.60 Our preference: Short positions below 81.60 with targets at 80.30 & 79.80 in extension. Alternative scenario: Above 81.60 look for further upside with 82.45 & 83.40 as targets. Comment: As long as the resistance at 81.60 is not surpassed, the risk of the break below 80.30 remains high. Gold Intraday: turning up. Pivot: 1975.00 Our preference: Long positions above 1975.00 with targets at 1992.00 & 2000.00 in extension. Alternative scenario: Below 1975.00 look for further downside with 1969.00 & 1963.00 as targets. Comment: The RSI calls for a bounce. EUR/USD Intraday: continuation of the rebound. Pivot: 1.0550 Our preference: Long positions above 1.0550 with targets at 1.0595 & 1.0615 in extension. Alternative scenario: Below 1.0550 look for further downside with 1.0530 & 1.0515 as targets. Comment: The RSI shows upside momentum. GBP/USD Intraday: further advance. Pivot: 1.2135 Our preference: Long positions above 1.2135 with targets at 1.2200 & 1.2220 in extension. Alternative scenario: Below 1.2135 look for further downside with 1.2115 & 1.2095 as targets. Comment: The RSI is bullish and calls for further upside. AUD/USD Intraday: further upside. Pivot: 0.6385 Our preference: Long positions above 0.6385 with targets at 0.6440 & 0.6460 in extension. Alternative scenario: Below 0.6385 look for further downside with 0.6370 & 0.6355 as targets. Comment: The RSI is bullish and calls for further advance. USD/JPY Intraday: towards 149.90. Pivot: 151.20 Our preference: Short positions below 151.20 with targets at 150.25 & 149.90 in extension. Alternative scenario: Above 151.20 look for further upside with 151.45 & 151.70 as targets. Comment: The RSI advocates for further decline.

2023-11-01 05:05

Crude Oil (WTI)‎ (Z3)‎ Intraday: key resistance at 81.95. Pivot: 81.95 Our preference: Short positions below 81.95 with targets at 80.75 & 80.20 in extension. Alternative scenario: Above 81.95 look for further upside with 82.80 & 83.35 as targets. Comment: Technically the RSI is below its neutrality area at 50. Gold Intraday: the downside prevails. Pivot: 1993.00 Our preference: Short positions below 1993.00 with targets at 1978.00 & 1971.00 in extension. Alternative scenario: Above 1993.00 look for further upside with 2000.00 & 2007.00 as targets. Comment: The RSI calls for a new downleg. EUR/USD Intraday: under pressure. Pivot: 1.0610 Our preference: Short positions below 1.0610 with targets at 1.0555 & 1.0535 in extension. Alternative scenario: Above 1.0610 look for further upside with 1.0630 & 1.0650 as targets. Comment: The RSI calls for a new downleg. GBP/USD Intraday: choppy. Pivot: 1.2170 Our preference: Short positions below 1.2170 with targets at 1.2120 & 1.2105 in extension. Alternative scenario: Above 1.2170 look for further upside with 1.2185 & 1.2220 as targets. Comment: As long as 1.2170 is resistance, look for choppy price action with a bearish bias. AUD/USD Intraday: expect 0.6300. Pivot: 0.6360 Our preference: Short positions below 0.6360 with targets at 0.6315 & 0.6300 in extension. Alternative scenario: Above 0.6360 look for further upside with 0.6380 & 0.6400 as targets. Comment: As long as the resistance at 0.6360 is not surpassed, the risk of the break below 0.6315 remains high. USD/JPY Intraday: the upside prevails. Pivot: 150.60 Our preference: Long positions above 150.60 with targets at 151.70 & 152.00 in extension. Alternative scenario: Below 150.60 look for further downside with 150.25 & 149.90 as targets. Comment: The RSI advocates for further advance.

2023-10-31 03:14

EUR/USD Intraday: the upside prevails. Pivot: 1.0590 Our preference: Long positions above 1.0590 with targets at 1.0630 & 1.0645 in extension. Alternative scenario: Below 1.0590 look for further downside with 1.0575 & 1.0560 as targets. Comment: The RSI advocates for further advance. GBP/USD Intraday: further advance. Pivot: 1.2140 Our preference: Long positions above 1.2140 with targets at 1.2185 & 1.2205 in extension. Alternative scenario: Below 1.2140 look for further downside with 1.2120 & 1.2105 as targets. Comment: The RSI calls for a new upleg. AUD/USD Intraday: the bias remains bullish. Pivot: 0.6350 Our preference: Long positions above 0.6350 with targets at 0.6385 & 0.6400 in extension. Alternative scenario: Below 0.6350 look for further downside with 0.6330 & 0.6315 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. USD/JPY Intraday: the downside prevails. Pivot: 149.50 Our preference: Short positions below 149.50 with targets at 148.80 & 148.50 in extension. Alternative scenario: Above 149.50 look for further upside with 149.80 & 150.10 as targets. Comment: As long as the resistance at 149.50 is not surpassed, the risk of the break below 148.80 remains high. Crude Oil (WTI)‎ (Z3)‎ Intraday: under pressure. Pivot: 83.45 Our preference: Short positions below 83.45 with targets at 81.95 & 81.30 in extension. Alternative scenario: Above 83.45 look for further upside with 84.10 & 84.80 as targets. Comment: The RSI is below its neutrality area at 50% Gold Intraday: consolidation. Pivot: 2003.00 Our preference: Short positions below 2003.00 with targets at 1990.00 & 1983.00 in extension. Alternative scenario: Above 2003.00 look for further upside with 2009.00 & 2015.00 as targets. Comment: As long as 2003.00 is resistance, look for choppy price action with a bearish bias.