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Publish Date: Thu, 12 Oct 2023, 03:41 AM
Crude Oil (WTI) (X3) Intraday: aim @ 81.50.
Pivot:
84.40
Our preference:
Short positions below 84.40 with targets at 82.15 & 81.50 in extension.
Alternative scenario:
Above 84.40 look for further upside with 85.30 & 86.00 as targets.
Comment:
The RSI is bearish and calls for further downside.
EUR/USD Intraday: bullish bias above 1.0590.
Pivot:
1.0590
Our preference:
Long positions above 1.0590 with targets at 1.0645 & 1.0665 in extension.
Alternative scenario:
Below 1.0590 look for further downside with 1.0570 & 1.0555 as targets.
Comment:
The RSI advocates for further advance.
GBP/USD Intraday: the upside prevails.
Pivot:
1.2285
Our preference:
Long positions above 1.2285 with targets at 1.2335 & 1.2355 in extension.
Alternative scenario:
Below 1.2285 look for further downside with 1.2265 & 1.2250 as targets.
Comment:
The RSI calls for a new upleg.
AUD/USD Intraday: towards 0.6445.
Pivot:
0.6400
Our preference:
Long positions above 0.6400 with targets at 0.6430 & 0.6445 in extension.
Alternative scenario:
Below 0.6400 look for further downside with 0.6385 & 0.6370 as targets.
Comment:
The RSI calls for a rebound.
USD/JPY Intraday: bullish bias above 148.80.
Pivot:
148.80
Our preference:
Long positions above 148.80 with targets at 149.30 & 149.50 in extension.
Alternative scenario:
Below 148.80 look for further downside with 148.60 & 148.40 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Gold Intraday: the upside prevails.
Pivot:
1867.00
Our preference:
Long positions above 1867.00 with targets at 1879.00 & 1885.00 in extension.
Alternative scenario:
Below 1867.00 look for further downside with 1862.00 & 1858.00 as targets.
Comment:
The RSI is bullish and calls for further advance.