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Publish Date: Fri, 03 Nov 2023, 04:03 AM
Crude Oil (WTI) (Z3) Intraday: bullish bias above 81.50.
Pivot:
81.50
Our preference:
Long positions above 81.50 with targets at 83.40 & 84.20 in extension.
Alternative scenario:
Below 81.50 look for further downside with 80.90 & 80.30 as targets.
Comment:
The RSI advocates for further advance.
Gold Intraday: key resistance at 1991.00.
Pivot:
1991.00
Our preference:
Short positions below 1991.00 with targets at 1978.00 & 1970.00 in extension.
Alternative scenario:
Above 1991.00 look for further upside with 1998.00 & 2005.00 as targets.
Comment:
As long as 1991.00 is resistance, look for choppy price action with a bearish bias.
EUR/USD Intraday: key resistance at 1.0640.
Pivot:
1.0640
Our preference:
Short positions below 1.0640 with targets at 1.0600 & 1.0575 in extension.
Alternative scenario:
Above 1.0640 look for further upside with 1.0665 & 1.0685 as targets.
Comment:
The RSI shows downside momentum.
GBP/USD Intraday: the bias remains bullish.
Pivot:
1.2165
Our preference:
Long positions above 1.2165 with targets at 1.2210 & 1.2225 in extension.
Alternative scenario:
Below 1.2165 look for further downside with 1.2145 & 1.2125 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
AUD/USD Intraday: watch 0.6410.
Pivot:
0.6455
Our preference:
Short positions below 0.6455 with targets at 0.6410 & 0.6390 in extension.
Alternative scenario:
Above 0.6455 look for further upside with 0.6475 & 0.6495 as targets.
Comment:
A break below 0.6410 would trigger a drop towards 0.6390.
USD/JPY Intraday: rebound.
Pivot:
150.15
Our preference:
Long positions above 150.15 with targets at 150.80 & 151.15 in extension.
Alternative scenario:
Below 150.15 look for further downside with 149.85 & 149.50 as targets.
Comment:
The RSI calls for a rebound.