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Publish Date: Mon, 06 Nov 2023, 02:09 AM
Crude Oil (WTI) (Z3) Intraday: under pressure.
Pivot:
81.60
Our preference:
Short positions below 81.60 with targets at 80.30 & 79.80 in extension.
Alternative scenario:
Above 81.60 look for further upside with 82.30 & 83.40 as targets.
Comment:
The RSI is below its neutrality area at 50%
Gold Intraday: the bias remains bullish.
Pivot:
1984.00
Our preference:
Long positions above 1984.00 with targets at 1995.00 & 2000.00 in extension.
Alternative scenario:
Below 1984.00 look for further downside with 1978.00 & 1970.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
EUR/USD Intraday: towards 1.0770.
Pivot:
1.0690
Our preference:
Long positions above 1.0690 with targets at 1.0745 & 1.0770 in extension.
Alternative scenario:
Below 1.0690 look for further downside with 1.0660 & 1.0630 as targets.
Comment:
The RSI is bullish and calls for further upside.
GBP/USD Intraday: the upside prevails.
Pivot:
1.2315
Our preference:
Long positions above 1.2315 with targets at 1.2400 & 1.2430 in extension.
Alternative scenario:
Below 1.2315 look for further downside with 1.2280 & 1.2250 as targets.
Comment:
The RSI advocates for further upside.
AUD/USD Intraday: further advance.
Pivot:
0.6480
Our preference:
Long positions above 0.6480 with targets at 0.6535 & 0.6555 in extension.
Alternative scenario:
Below 0.6480 look for further downside with 0.6455 & 0.6435 as targets.
Comment:
The RSI is bullish and calls for further advance.
USD/JPY Intraday: 149.00 in sight.
Pivot:
149.75
Our preference:
Short positions below 149.75 with targets at 149.20 & 149.00 in extension.
Alternative scenario:
Above 149.75 look for further upside with 150.00 & 150.20 as targets.
Comment:
As long as the resistance at 149.75 is not surpassed, the risk of the break below 149.20 remains high.