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Publish Date: Fri, 06 Oct 2023, 02:36 AM
Crude Oil (WTI) (X3) Intraday: under pressure.
Pivot:
84.15
Our preference:
Short positions below 84.15 with targets at 81.40 & 80.60 in extension.
Alternative scenario:
Above 84.15 look for further upside with 84.90 & 85.80 as targets.
Comment:
The immediate trend remains down but the momentum is weak.
EUR/USD Intraday: the upside prevails.
Pivot:
1.0520
Our preference:
Long positions above 1.0520 with targets at 1.0560 & 1.0580 in extension.
Alternative scenario:
Below 1.0520 look for further downside with 1.0500 & 1.0480 as targets.
Comment:
The RSI advocates for further advance.
GBP/USD Intraday: further advance.
Pivot:
1.2150
Our preference:
Long positions above 1.2150 with targets at 1.2220 & 1.2250 in extension.
Alternative scenario:
Below 1.2150 look for further downside with 1.2125 & 1.2105 as targets.
Comment:
The RSI is bullish and calls for further upside.
AUD/USD Intraday: watch 0.6410.
Pivot:
0.6345
Our preference:
Long positions above 0.6345 with targets at 0.6390 & 0.6410 in extension.
Alternative scenario:
Below 0.6345 look for further downside with 0.6325 & 0.6305 as targets.
Comment:
The RSI is bullish and calls for further upside.
USD/JPY Intraday: the downside prevails.
Pivot:
148.80
Our preference:
Short positions below 148.80 with targets at 148.10 & 147.90 in extension.
Alternative scenario:
Above 148.80 look for further upside with 149.10 & 149.30 as targets.
Comment:
The RSI calls for a new downleg.
Gold Intraday: bounce.
Pivot:
1815.00
Our preference:
Long positions above 1815.00 with targets at 1828.00 & 1833.00 in extension.
Alternative scenario:
Below 1815.00 look for further downside with 1810.00 & 1805.00 as targets.
Comment:
The RSI calls for a bounce.