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Publish Date: Wed, 01 Nov 2023, 05:05 AM
Crude Oil (WTI) (Z3) Intraday: key resistance at 81.95.
Pivot:
81.95
Our preference:
Short positions below 81.95 with targets at 80.75 & 80.20 in extension.
Alternative scenario:
Above 81.95 look for further upside with 82.80 & 83.35 as targets.
Comment:
Technically the RSI is below its neutrality area at 50.
Gold Intraday: the downside prevails.
Pivot:
1993.00
Our preference:
Short positions below 1993.00 with targets at 1978.00 & 1971.00 in extension.
Alternative scenario:
Above 1993.00 look for further upside with 2000.00 & 2007.00 as targets.
Comment:
The RSI calls for a new downleg.
EUR/USD Intraday: under pressure.
Pivot:
1.0610
Our preference:
Short positions below 1.0610 with targets at 1.0555 & 1.0535 in extension.
Alternative scenario:
Above 1.0610 look for further upside with 1.0630 & 1.0650 as targets.
Comment:
The RSI calls for a new downleg.
GBP/USD Intraday: choppy.
Pivot:
1.2170
Our preference:
Short positions below 1.2170 with targets at 1.2120 & 1.2105 in extension.
Alternative scenario:
Above 1.2170 look for further upside with 1.2185 & 1.2220 as targets.
Comment:
As long as 1.2170 is resistance, look for choppy price action with a bearish bias.
AUD/USD Intraday: expect 0.6300.
Pivot:
0.6360
Our preference:
Short positions below 0.6360 with targets at 0.6315 & 0.6300 in extension.
Alternative scenario:
Above 0.6360 look for further upside with 0.6380 & 0.6400 as targets.
Comment:
As long as the resistance at 0.6360 is not surpassed, the risk of the break below 0.6315 remains high.
USD/JPY Intraday: the upside prevails.
Pivot:
150.60
Our preference:
Long positions above 150.60 with targets at 151.70 & 152.00 in extension.
Alternative scenario:
Below 150.60 look for further downside with 150.25 & 149.90 as targets.
Comment:
The RSI advocates for further advance.