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Publish Date: Tue, 24 Oct 2023, 04:04 AM
Crude Oil (WTI) (Z3) Intraday: under pressure.
Pivot:
87.20
Our preference:
Short positions below 87.20 with targets at 85.35 & 84.40 in extension.
Alternative scenario:
Above 87.20 look for further upside with 88.20 & 88.90 as targets.
Comment:
The RSI calls for a new downleg.
EUR/USD Intraday: further advance.
Pivot:
1.0630
Our preference:
Long positions above 1.0630 with targets at 1.0685 & 1.0710 in extension.
Alternative scenario:
Below 1.0630 look for further downside with 1.0600 & 1.0570 as targets.
Comment:
The RSI advocates for further advance.
GBP/USD Intraday: further upside.
Pivot:
1.2205
Our preference:
Long positions above 1.2205 with targets at 1.2270 & 1.2300 in extension.
Alternative scenario:
Below 1.2205 look for further downside with 1.2175 & 1.2140 as targets.
Comment:
The RSI advocates for further upside.
AUD/USD Intraday: the upside prevails.
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:
Technically the RSI is above its neutrality area at 50.
Gold Intraday: watch 1957.00.
Pivot:
1983.00
Our preference:
Short positions below 1983.00 with targets at 1964.00 & 1957.00 in extension.
Alternative scenario:
Above 1983.00 look for further upside with 1990.00 & 1997.00 as targets.
Comment:
The RSI advocates for further downside.
USD/JPY Intraday: watch 149.55.
Pivot:
149.85
Our preference:
Short positions below 149.85 with targets at 149.55 & 149.40 in extension.
Alternative scenario:
Above 149.85 look for further upside with 150.00 & 150.15 as targets.
Comment:
A break below 149.55 would trigger a drop towards 149.40.