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Publish Date: Mon, 23 Oct 2023, 02:08 AM
Crude Oil (WTI) (Z3) Intraday: under pressure.
Pivot:
89.00
Our preference:
Short positions below 89.00 with targets at 87.10 & 86.40 in extension.
Alternative scenario:
Above 89.00 look for further upside with 89.85 & 90.50 as targets.
Comment:
The RSI is bearish and calls for further decline.
Gold Intraday: towards 1957.00.
Pivot:
1988.00
Our preference:
Short positions below 1988.00 with targets at 1965.00 & 1957.00 in extension.
Alternative scenario:
Above 1988.00 look for further upside with 1997.00 & 2003.00 as targets.
Comment:
The RSI is bearish and calls for further decline.
EUR/USD Intraday: the upside prevails.
Pivot:
1.0565
Our preference:
Long positions above 1.0565 with targets at 1.0605 & 1.0620 in extension.
Alternative scenario:
Below 1.0565 look for further downside with 1.0550 & 1.0535 as targets.
Comment:
A support base at 1.0565 has formed and has allowed for a temporary stabilisation.
GBP/USD Intraday: rebound.
Pivot:
1.2130
Our preference:
Long positions above 1.2130 with targets at 1.2180 & 1.2205 in extension.
Alternative scenario:
Below 1.2130 look for further downside with 1.2110 & 1.2090 as targets.
Comment:
The break above 1.2130 is a positive signal that has opened a path to 1.2180.
AUD/USD Intraday: rebound expected.
Pivot:
0.6295
Our preference:
Long positions above 0.6295 with targets at 0.6335 & 0.6355 in extension.
Alternative scenario:
Below 0.6295 look for further downside with 0.6280 & 0.6265 as targets.
Comment:
Technically the RSI is above its neutrality area at 50.
USD/JPY Intraday: the bias remains bullish.
Pivot:
149.65
Our preference:
Long positions above 149.65 with targets at 150.00 & 150.15 in extension.
Alternative scenario:
Below 149.65 look for further downside with 149.50 & 149.35 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.