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Publish Date: Thu, 26 Oct 2023, 02:39 AM
Crude Oil (WTI) (Z3) Intraday: intraday support around 84.00.
Pivot:
84.00
Our preference:
Long positions above 84.00 with targets at 86.30 & 87.25 in extension.
Alternative scenario:
Below 84.00 look for further downside with 82.90 & 82.00 as targets.
Comment:
The RSI is bullish and calls for further upside.
Gold Intraday: towards 1997.00.
Pivot:
1972.00
Our preference:
Long positions above 1972.00 with targets at 1991.00 & 1997.00 in extension.
Alternative scenario:
Below 1972.00 look for further downside with 1963.00 & 1953.00 as targets.
Comment:
The RSI is bullish and calls for further upside.
EUR/USD Intraday: the downside prevails.
Pivot:
1.0590
Our preference:
Short positions below 1.0590 with targets at 1.0545 & 1.0525 in extension.
Alternative scenario:
Above 1.0590 look for further upside with 1.0605 & 1.0620 as targets.
Comment:
The RSI calls for a new downleg.
GBP/USD Intraday: under pressure.
Pivot:
1.2135
Our preference:
Short positions below 1.2135 with targets at 1.2080 & 1.2050 in extension.
Alternative scenario:
Above 1.2135 look for further upside with 1.2155 & 1.2175 as targets.
Comment:
The RSI has broken down its 30 level.
AUD/USD Intraday: under pressure.
Pivot:
0.6325
Our preference:
Short positions below 0.6325 with targets at 0.6270 & 0.6250 in extension.
Alternative scenario:
Above 0.6325 look for further upside with 0.6345 & 0.6360 as targets.
Comment:
The RSI has broken down its 30 level.
USD/JPY Intraday: the upside prevails.
Pivot:
149.90
Our preference:
Long positions above 149.90 with targets at 150.30 & 150.45 in extension.
Alternative scenario:
Below 149.90 look for further downside with 149.75 & 149.60 as targets.
Comment:
The RSI advocates for further advance.