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Publish Date: Tue, 10 Oct 2023, 02:26 AM
Crude Oil (WTI) (X3) Intraday: intraday support around 85.15.
Pivot:
85.15
Our preference:
Long positions above 85.15 with targets at 87.25 & 88.20 in extension.
Alternative scenario:
Below 85.15 look for further downside with 84.20 & 83.25 as targets.
Comment:
The RSI lacks downward momentum.
EUR/USD Intraday: the bias remains bullish.
Pivot:
1.0540
Our preference:
Long positions above 1.0540 with targets at 1.0600 & 1.0620 in extension.
Alternative scenario:
Below 1.0540 look for further downside with 1.0520 & 1.0500 as targets.
Comment:
The RSI calls for a bounce.
GBP/USD Intraday: 1.2300 in sight.
Pivot:
1.2200
Our preference:
Long positions above 1.2200 with targets at 1.2270 & 1.2300 in extension.
Alternative scenario:
Below 1.2200 look for further downside with 1.2180 & 1.2160 as targets.
Comment:
The RSI is bullish and calls for further upside.
AUD/USD Intraday: further upside.
Pivot:
0.6375
Our preference:
Long positions above 0.6375 with targets at 0.6435 & 0.6455 in extension.
Alternative scenario:
Below 0.6375 look for further downside with 0.6360 & 0.6340 as targets.
Comment:
The RSI is bullish and calls for further advance.
USD/JPY Intraday: under pressure.
Pivot:
148.80
Our preference:
Short positions below 148.80 with targets at 148.15 & 147.90 in extension.
Alternative scenario:
Above 148.80 look for further upside with 149.05 & 149.25 as targets.
Comment:
The RSI has broken down its 30 level.
Gold Intraday: further advance.
Pivot:
1852.00
Our preference:
Long positions above 1852.00 with targets at 1867.00 & 1875.00 in extension.
Alternative scenario:
Below 1852.00 look for further downside with 1843.00 & 1834.00 as targets.
Comment:
The RSI shows upside momentum.