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Publish Date: Wed, 27 Sep 2023, 06:26 AM
Crude Oil (WTI) (X3) Intraday: the upside prevails.
Pivot:
89.85
Our preference:
Long positions above 89.85 with targets at 91.30 & 91.90 in extension.
Alternative scenario:
Below 89.85 look for further downside with 89.35 & 88.75 as targets.
Comment:
The RSI shows upside momentum.
EUR/USD Intraday: expect 1.0540.
Pivot:
1.0595
Our preference:
Short positions below 1.0595 with targets at 1.0555 & 1.0540 in extension.
Alternative scenario:
Above 1.0595 look for further upside with 1.0610 & 1.0625 as targets.
Comment:
The RSI advocates for further decline.
GBP/USD Intraday: the downside prevails
Pivot:
1.2180
Our preference:
Short positions below 1.2180 with targets at 1.2140 & 1.2120 in extension.
Alternative scenario:
Above 1.2180 look for further upside with 1.2200 & 1.2220 as targets.
Comment:
The RSI is bearish and calls for further decline.
USD/JPY Intraday: the bias remains bullish.
Pivot:
148.75
Our preference:
Long positions above 148.75 with targets at 149.20 & 149.40 in extension.
Alternative scenario:
Below 148.75 look for further downside with 148.55 & 148.35 as targets.
Comment:
The next resistances are at 149.20 and then at 149.40.
Gold Intraday: aim @ 1890.00.
Pivot:
1909.00
Our preference:
Short positions below 1909.00 with targets at 1896.00 & 1890.00 in extension.
Alternative scenario:
Above 1909.00 look for further upside with 1915.00 & 1920.00 as targets.
Comment:
As long as the resistance at 1909.00 is not surpassed, the risk of the break below 1896.00 remains high.
AUD/USD Intraday: under pressure.
Pivot:
0.6415
Our preference:
Short positions below 0.6415 with targets at 0.6380 & 0.6365 in extension.
Alternative scenario:
Above 0.6415 look for further upside with 0.6430 & 0.6445 as targets.
Comment:
The RSI calls for a new downleg.