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Publish Date: Tue, 07 Nov 2023, 02:27 AM
Crude Oil (WTI) (Z3) Intraday: expect 79.50.
Pivot:
82.00
Our preference:
Short positions below 82.00 with targets at 80.10 & 79.50 in extension.
Alternative scenario:
Above 82.00 look for further upside with 82.60 & 83.30 as targets.
Comment:
As long as the resistance at 82.00 is not surpassed, the risk of the break below 80.10 remains high.
Gold Intraday: the downside prevails.
Pivot:
1987.00
Our preference:
Short positions below 1987.00 with targets at 1970.00 & 1963.00 in extension.
Alternative scenario:
Above 1987.00 look for further upside with 1993.00 & 2000.00 as targets.
Comment:
The RSI is bearish and calls for further decline.
EUR/USD Intraday: under pressure.
Pivot:
1.0755
Our preference:
Short positions below 1.0755 with targets at 1.0690 & 1.0660 in extension.
Alternative scenario:
Above 1.0755 look for further upside with 1.0780 & 1.0800 as targets.
Comment:
The RSI calls for a drop.
GBP/USD Intraday: watch 1.2315.
Pivot:
1.2400
Our preference:
Short positions below 1.2400 with targets at 1.2315 & 1.2280 in extension.
Alternative scenario:
Above 1.2400 look for further upside with 1.2430 & 1.2460 as targets.
Comment:
A break below 1.2315 would trigger a drop towards 1.2280.
AUD/USD Intraday: watch 0.6475.
Pivot:
0.6515
Our preference:
Short positions below 0.6515 with targets at 0.6475 & 0.6455 in extension.
Alternative scenario:
Above 0.6515 look for further upside with 0.6535 & 0.6555 as targets.
Comment:
A break below 0.6475 would trigger a drop towards 0.6455.
USD/JPY Intraday: the upside prevails.
Pivot:
149.70
Our preference:
Long positions above 149.70 with targets at 150.25 & 150.50 in extension.
Alternative scenario:
Below 149.70 look for further downside with 149.40 & 149.15 as targets.
Comment:
The RSI is bullish and calls for further upside.