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Publish Date: Tue, 17 Oct 2023, 02:16 AM
Crude Oil (WTI) (X3) Intraday: consolidation in place.
Pivot:
87.50
Our preference:
Short positions below 87.50 with targets at 86.30 & 85.65 in extension.
Alternative scenario:
Above 87.50 look for further upside with 88.30 & 89.00 as targets.
Comment:
Technically the RSI is below its neutrality area at 50.
EUR/USD Intraday: the bias remains bullish.
Pivot:
1.0530
Our preference:
Long positions above 1.0530 with targets at 1.0565 & 1.0580 in extension.
Alternative scenario:
Below 1.0530 look for further downside with 1.0515 & 1.0495 as targets.
Comment:
The RSI advocates for further advance.
GBP/USD Intraday: watch 1.2250.
Pivot:
1.2180
Our preference:
Long positions above 1.2180 with targets at 1.2230 & 1.2250 in extension.
Alternative scenario:
Below 1.2180 look for further downside with 1.2160 & 1.2140 as targets.
Comment:
The RSI is bullish and calls for further upside.
AUD/USD Intraday: towards 0.6365.
Pivot:
0.6315
Our preference:
Long positions above 0.6315 with targets at 0.6350 & 0.6365 in extension.
Alternative scenario:
Below 0.6315 look for further downside with 0.6300 & 0.6285 as targets.
Comment:
The RSI advocates for further upside.
USD/JPY Intraday: bullish bias above 149.35.
Pivot:
149.35
Our preference:
Long positions above 149.35 with targets at 149.75 & 149.90 in extension.
Alternative scenario:
Below 149.35 look for further downside with 149.20 & 149.05 as targets.
Comment:
The RSI calls for a bounce.
Gold Intraday: intraday support around 1907.00.
Pivot:
1907.00
Our preference:
Long positions above 1907.00 with targets at 1932.00 & 1940.00 in extension.
Alternative scenario:
Below 1907.00 look for further downside with 1896.00 & 1887.00 as targets.
Comment:
A support base at 1907.00 has formed and has allowed for a temporary stabilisation.