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Publish Date: Thu, 09 Nov 2023, 02:43 AM
Crude Oil (WTI) (Z3) Intraday: key resistance at 76.55.
Pivot:
76.55
Our preference:
Short positions below 76.55 with targets at 74.90 & 74.00 in extension.
Alternative scenario:
Above 76.55 look for further upside with 77.50 & 78.80 as targets.
Comment:
As long as the resistance at 76.55 is not surpassed, the risk of the break below 74.90 remains high.
Gold Intraday: under pressure.
Pivot:
1959.00
Our preference:
Short positions below 1959.00 with targets at 1945.00 & 1938.00 in extension.
Alternative scenario:
Above 1959.00 look for further upside with 1965.00 & 1970.00 as targets.
Comment:
The RSI is bearish and calls for further downside.
EUR/USD Intraday: continuation of the rebound.
Pivot:
1.0680
Our preference:
Long positions above 1.0680 with targets at 1.0730 & 1.0750 in extension.
Alternative scenario:
Below 1.0680 look for further downside with 1.0660 & 1.0640 as targets.
Comment:
The RSI is bullish and calls for further upside.
GBP/USD Intraday: bullish bias above 1.2260.
Pivot:
1.2260
Our preference:
Long positions above 1.2260 with targets at 1.2300 & 1.2320 in extension.
Alternative scenario:
Below 1.2260 look for further downside with 1.2240 & 1.2220 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
AUD/USD Intraday: the downside prevails.
Pivot:
0.6420
Our preference:
Short positions below 0.6420 with targets at 0.6395 & 0.6380 in extension.
Alternative scenario:
Above 0.6420 look for further upside with 0.6435 & 0.6450 as targets.
Comment:
The RSI is bearish and calls for further downside.
USD/JPY Intraday: intraday support around 150.65.
Pivot:
150.65
Our preference:
Long positions above 150.65 with targets at 151.05 & 151.20 in extension.
Alternative scenario:
Below 150.65 look for further downside with 150.50 & 150.30 as targets.
Comment:
Technically the RSI is above its neutrality area at 50.