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Publish Date: Mon, 09 Oct 2023, 02:35 AM
Crude Oil (WTI) (X3) Intraday: the upside prevails.
Pivot:
84.60
Our preference:
Long positions above 84.60 with targets at 87.70 & 88.75 in extension.
Alternative scenario:
Below 84.60 look for further downside with 83.25 & 82.10 as targets.
Comment:
The RSI shows upside momentum.
EUR/USD Intraday: the bias remains bullish.
Pivot:
1.0535
Our preference:
Long positions above 1.0535 with targets at 1.0580 & 1.0600 in extension.
Alternative scenario:
Below 1.0535 look for further downside with 1.0505 & 1.0480 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
GBP/USD Intraday: bullish bias above 1.2190.
Pivot:
1.2190
Our preference:
Long positions above 1.2190 with targets at 1.2240 & 1.2260 in extension.
Alternative scenario:
Below 1.2190 look for further downside with 1.2185 & 1.2140 as targets.
Comment:
The next resistances are at 1.2240 and then at 1.2260.
AUD/USD Intraday: choppy.
Pivot:
0.6385
Our preference:
Short positions below 0.6385 with targets at 0.6345 & 0.6325 in extension.
Alternative scenario:
Above 0.6385 look for further upside with 0.6400 & 0.6420 as targets.
Comment:
The RSI is mixed with a bearish bias.
USD/JPY Intraday: watch 149.50.
Pivot:
148.90
Our preference:
Long positions above 148.90 with targets at 149.35 & 149.50 in extension.
Alternative scenario:
Below 148.90 look for further downside with 148.75 & 148.60 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Gold Intraday: further advance.
Pivot:
1834.00
Our preference:
Long positions above 1834.00 with targets at 1858.00 & 1865.00 in extension.
Alternative scenario:
Below 1834.00 look for further downside with 1826.00 & 1819.00 as targets.
Comment:
The RSI is bullish and calls for further upside.