2023-10-31 03:12

Crude Oil (WTI)‎ (Z3)‎ Intraday: intraday support around 83.70. Pivot: 83.70 Our preference: Long positions above 83.70 with targets at 85.30 & 85.90 in extension. Alternative scenario: Below 83.70 look for further downside with 83.10 & 82.55 as targets. Comment: A support base at 83.70 has formed and has allowed for a temporary stabilisation. Gold Intraday: the upside prevails. Pivot: 1991.00 Our preference: Long positions above 1991.00 with targets at 2009.00 & 2018.00 in extension. Alternative scenario: Below 1991.00 look for further downside with 1983.00 & 1976.00 as targets. Comment: The RSI calls for a new upleg. EUR/USD Intraday: watch 1.0525. Pivot: 1.0580 Our preference: Short positions below 1.0580 with targets at 1.0540 & 1.0525 in extension. Alternative scenario: Above 1.0580 look for further upside with 1.0595 & 1.0610 as targets. Comment: The RSI advocates for further downside. GBP/USD Intraday: watch 1.2070. Pivot: 1.2140 Our preference: Short positions below 1.2140 with targets at 1.2090 & 1.2070 in extension. Alternative scenario: Above 1.2140 look for further upside with 1.2160 & 1.2180 as targets. Comment: The RSI is bearish and calls for further decline. AUD/USD Intraday: the downside prevails. Pivot: 0.6355 Our preference: Short positions below 0.6355 with targets at 0.6320 & 0.6305 in extension. Alternative scenario: Above 0.6355 look for further upside with 0.6370 & 0.6385 as targets. Comment: The RSI calls for a new downleg. USD/JPY Intraday: rebound. Pivot: 149.45 Our preference: Long positions above 149.45 with targets at 149.90 & 150.10 in extension. Alternative scenario: Below 149.45 look for further downside with 149.30 & 149.15 as targets. Comment: The RSI calls for a rebound.

2023-10-27 02:08

Crude Oil (WTI)‎ (Z3)‎ Intraday: key resistance at 84.20. Pivot: 84.20 Our preference: Short positions below 84.20 with targets at 82.70 & 82.00 in extension. Alternative scenario: Above 84.20 look for further upside with 85.10 & 85.60 as targets. Comment: The RSI is below its neutrality area at 50% Gold Intraday: watch 2000.00. Pivot: 1977.00 Our preference: Long positions above 1977.00 with targets at 1993.00 & 2000.00 in extension. Alternative scenario: Below 1977.00 look for further downside with 1971.00 & 1963.00 as targets. Comment: The RSI calls for a bounce. EUR/USD Intraday: towards 1.0600. Pivot. 1.0540 Our preference: Long positions above 1.0540 with targets at 1.0580 & 1.0600 in extension. Alternative scenario: Below 1.0540 look for further downside with 1.0525 & 1.0510 as targets. Comment: The RSI is bullish and calls for further upside. GBP/USD Intraday: continuation of the rebound. Pivot: 1.2100 Our preference: Long positions above 1.2100 with targets at 1.2155 & 1.2175 in extension. Alternative scenario: Below 1.2100 look for further downside with 1.2085 & 1.2070 as targets. Comment: The RSI is bullish and calls for further upside. AUD/USD Intraday: further advance. Pivot: 0.6300 Our preference: Long positions above 0.6300 with targets at 0.6350 & 0.6370 in extension. Alternative scenario: Below 0.6300 look for further downside with 0.6285 & 0.6270 as targets. Comment: The RSI is bullish and calls for further advance. USD/JPY Intraday: consolidation. Pivot: 150.60 Our preference: Short positions below 150.60 with targets at 150.10 & 149.90 in extension. Alternative scenario: Above 150.60 look for further upside with 150.75 & 150.90 as targets. Comment: The RSI is mixed with a bearish bias.

2023-10-26 02:39

Crude Oil (WTI)‎ (Z3)‎ Intraday: intraday support around 84.00. Pivot: 84.00 Our preference: Long positions above 84.00 with targets at 86.30 & 87.25 in extension. Alternative scenario: Below 84.00 look for further downside with 82.90 & 82.00 as targets. Comment: The RSI is bullish and calls for further upside. Gold Intraday: towards 1997.00. Pivot: 1972.00 Our preference: Long positions above 1972.00 with targets at 1991.00 & 1997.00 in extension. Alternative scenario: Below 1972.00 look for further downside with 1963.00 & 1953.00 as targets. Comment: The RSI is bullish and calls for further upside. EUR/USD Intraday: the downside prevails. Pivot: 1.0590 Our preference: Short positions below 1.0590 with targets at 1.0545 & 1.0525 in extension. Alternative scenario: Above 1.0590 look for further upside with 1.0605 & 1.0620 as targets. Comment: The RSI calls for a new downleg. GBP/USD Intraday: under pressure. Pivot: 1.2135 Our preference: Short positions below 1.2135 with targets at 1.2080 & 1.2050 in extension. Alternative scenario: Above 1.2135 look for further upside with 1.2155 & 1.2175 as targets. Comment: The RSI has broken down its 30 level. AUD/USD Intraday: under pressure. Pivot: 0.6325 Our preference: Short positions below 0.6325 with targets at 0.6270 & 0.6250 in extension. Alternative scenario: Above 0.6325 look for further upside with 0.6345 & 0.6360 as targets. Comment: The RSI has broken down its 30 level. USD/JPY Intraday: the upside prevails. Pivot: 149.90 Our preference: Long positions above 149.90 with targets at 150.30 & 150.45 in extension. Alternative scenario: Below 149.90 look for further downside with 149.75 & 149.60 as targets. Comment: The RSI advocates for further advance.

2023-10-24 04:04

Crude Oil (WTI)‎ (Z3)‎ Intraday: under pressure. Pivot: 87.20 Our preference: Short positions below 87.20 with targets at 85.35 & 84.40 in extension. Alternative scenario: Above 87.20 look for further upside with 88.20 & 88.90 as targets. Comment: The RSI calls for a new downleg. EUR/USD Intraday: further advance. Pivot: 1.0630 Our preference: Long positions above 1.0630 with targets at 1.0685 & 1.0710 in extension. Alternative scenario: Below 1.0630 look for further downside with 1.0600 & 1.0570 as targets. Comment: The RSI advocates for further advance. GBP/USD Intraday: further upside. Pivot: 1.2205 Our preference: Long positions above 1.2205 with targets at 1.2270 & 1.2300 in extension. Alternative scenario: Below 1.2205 look for further downside with 1.2175 & 1.2140 as targets. Comment: The RSI advocates for further upside. AUD/USD Intraday: the upside prevails. Pivot: 0.6315 Our preference: Long positions above 0.6315 with targets at 0.6350 & 0.6365 in extension. Alternative scenario: Below 0.6315 look for further downside with 0.6300 & 0.6285 as targets. Comment: Technically the RSI is above its neutrality area at 50. Gold Intraday: watch 1957.00. Pivot: 1983.00 Our preference: Short positions below 1983.00 with targets at 1964.00 & 1957.00 in extension. Alternative scenario: Above 1983.00 look for further upside with 1990.00 & 1997.00 as targets. Comment: The RSI advocates for further downside. USD/JPY Intraday: watch 149.55. Pivot: 149.85 Our preference: Short positions below 149.85 with targets at 149.55 & 149.40 in extension. Alternative scenario: Above 149.85 look for further upside with 150.00 & 150.15 as targets. Comment: A break below 149.55 would trigger a drop towards 149.40.

2023-10-23 02:08

Crude Oil (WTI)‎ (Z3)‎ Intraday: under pressure. Pivot: 89.00 Our preference: Short positions below 89.00 with targets at 87.10 & 86.40 in extension. Alternative scenario: Above 89.00 look for further upside with 89.85 & 90.50 as targets. Comment: The RSI is bearish and calls for further decline. Gold Intraday: towards 1957.00. Pivot: 1988.00 Our preference: Short positions below 1988.00 with targets at 1965.00 & 1957.00 in extension. Alternative scenario: Above 1988.00 look for further upside with 1997.00 & 2003.00 as targets. Comment: The RSI is bearish and calls for further decline. EUR/USD Intraday: the upside prevails. Pivot: 1.0565 Our preference: Long positions above 1.0565 with targets at 1.0605 & 1.0620 in extension. Alternative scenario: Below 1.0565 look for further downside with 1.0550 & 1.0535 as targets. Comment: A support base at 1.0565 has formed and has allowed for a temporary stabilisation. GBP/USD Intraday: rebound. Pivot: 1.2130 Our preference: Long positions above 1.2130 with targets at 1.2180 & 1.2205 in extension. Alternative scenario: Below 1.2130 look for further downside with 1.2110 & 1.2090 as targets. Comment: The break above 1.2130 is a positive signal that has opened a path to 1.2180. AUD/USD Intraday: rebound expected. Pivot: 0.6295 Our preference: Long positions above 0.6295 with targets at 0.6335 & 0.6355 in extension. Alternative scenario: Below 0.6295 look for further downside with 0.6280 & 0.6265 as targets. Comment: Technically the RSI is above its neutrality area at 50. USD/JPY Intraday: the bias remains bullish. Pivot: 149.65 Our preference: Long positions above 149.65 with targets at 150.00 & 150.15 in extension. Alternative scenario: Below 149.65 look for further downside with 149.50 & 149.35 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

2023-10-20 02:21

Gold Intraday: further advance. Pivot: 1962.00 Our preference: Long positions above 1962.00 with targets at 1990.00 & 2000.00 in extension. Alternative scenario: Below 1962.00 look for further downside with 1952.00 & 1945.00 as targets. Comment: The next resistances are at 1990.00 and then at 2000.00. Crude Oil (WTI)‎ (Z3)‎ Intraday: intraday support around 88.30. Pivot: 88.30 Our preference: Long positions above 88.30 with targets at 89.90 & 90.90 in extension. Alternative scenario: Below 88.30 look for further downside with 87.65 & 86.80 as targets. Comment: The next resistances are at 89.90 and then at 90.90. EUR/USD Intraday: the bias remains bullish. Pivot: 1.0555 Our preference: Long positions above 1.0555 with targets at 1.0600 & 1.0615 in extension. Alternative scenario: Below 1.0555 look for further downside with 1.0540 & 1.0525 as targets. Comment: The RSI calls for a bounce. GBP/USD Intraday: intraday support around 1.2125. Pivot: 1.2125 Our preference: Long positions above 1.2125 with targets at 1.2170 & 1.2190 in extension. Alternative scenario: Below 1.2125 look for further downside with 1.2110 & 1.2090 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. AUD/USD Intraday: bullish bias above 0.6310. Pivot: 0.6310 Our preference: Long positions above 0.6310 with targets at 0.6340 & 0.6355 in extension. Alternative scenario: Below 0.6310 look for further downside with 0.6295 & 0.6280 as targets. Comment: The next resistances are at 0.6340 and then at 0.6355. USD/JPY Intraday: key resistance at 150.00. Pivot: 150.00 Our preference: Short positions below 150.00 with targets at 149.65 & 149.50 in extension. Alternative scenario: Above 150.00 look for further upside with 150.15 & 150.30 as targets. Comment: As long as 150.00 is resistance, look for choppy price action with a bearish bias.