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Publish Date: Mon, 16 Oct 2023, 04:47 AM
Crude Oil (WTI) (X3) Intraday: intraday support around 86.80.
Pivot:
86.80
Our preference:
Long positions above 86.80 with targets at 88.30 & 89.00 in extension.
Alternative scenario:
Below 86.80 look for further downside with 85.75 & 85.10 as targets.
Comment:
The next resistances are at 88.30 and then at 89.00.
Gold Intraday: further upside.
Pivot:
1918.00
Our preference:
Long positions above 1918.00 with targets at 1945.00 & 1954.00 in extension.
Alternative scenario:
Below 1918.00 look for further downside with 1905.00 & 1896.00 as targets.
Comment:
The RSI shows upside momentum.
EUR/USD Intraday: watch 1.0555.
Pivot:
1.0495
Our preference:
Long positions above 1.0495 with targets at 1.0540 & 1.0555 in extension.
Alternative scenario:
Below 1.0495 look for further downside with 1.0480 & 1.0465 as targets.
Comment:
The RSI calls for a rebound.
GBP/USD Intraday: bullish bias above 1.2120.
Pivot:
1.2120
Our preference:
Long positions above 1.2120 with targets at 1.2170 & 1.2190 in extension.
Alternative scenario:
Below 1.2120 look for further downside with 1.2100 & 1.2080 as targets.
Comment:
A support base at 1.2120 has formed and has allowed for a temporary stabilisation.
AUD/USD Intraday: expect 0.6335.
Pivot:
0.6285
Our preference:
Long positions above 0.6285 with targets at 0.6320 & 0.6335 in extension.
Alternative scenario:
Below 0.6285 look for further downside with 0.6270 & 0.6255 as targets.
Comment:
The RSI calls for a bounce.
USD/JPY Intraday: consolidation in place.
Pivot:
149.80
Our preference:
Short positions below 149.80 with targets at 149.40 & 149.20 in extension.
Alternative scenario:
Above 149.80 look for further upside with 150.00 & 150.20 as targets.
Comment:
As long as 149.80 is resistance, look for choppy price action with a bearish bias.