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Publish Date: Thu, 16 Nov 2023, 02:45 AM
Crude Oil (WTI) (Z3) Intraday: under pressure.
Pivot:
77.50
Our preference:
Short positions below 77.50 with targets at 75.80 & 75.20 in extension.
Alternative scenario:
Above 77.50 look for further upside with 78.20 & 78.70 as targets.
Comment:
The RSI is bearish and calls for further downside.
Gold Intraday: watch 1948.00.
Pivot:
1967.00
Our preference:
Short positions below 1967.00 with targets at 1955.00 & 1948.00 in extension.
Alternative scenario:
Above 1967.00 look for further upside with 1974.00 & 1980.00 as targets.
Comment:
The RSI advocates for further downside.
EUR/USD Intraday: under pressure.
Pivot:
1.0875
Our preference:
Short positions below 1.0875 with targets at 1.0825 & 1.0800 in extension.
Alternative scenario:
Above 1.0875 look for further upside with 1.0900 & 1.0930 as targets.
Comment:
The RSI lacks upward momentum.
GBP/USD Intraday: watch 1.2390.
Pivot:
1.2455
Our preference:
Short positions below 1.2455 with targets at 1.2390 & 1.2360 in extension.
Alternative scenario:
Above 1.2455 look for further upside with 1.2500 & 1.2540 as targets.
Comment:
A break below 1.2390 would trigger a drop towards 1.2360.
AUD/USD Intraday: key resistance at 0.6535.
Pivot:
0.6535
Our preference:
Short positions below 0.6535 with targets at 0.6480 & 0.6460 in extension.
Alternative scenario:
Above 0.6535 look for further upside with 0.6570 & 0.6600 as targets.
Comment:
As long as 0.6535 is resistance, look for choppy price action with a bearish bias.
USD/JPY Intraday: the upside prevails.
Pivot:
150.80
Our preference:
Long positions above 150.80 with targets at 151.65 & 151.95 in extension.
Alternative scenario:
Below 150.80 look for further downside with 150.45 & 150.20 as targets.
Comment:
The RSI lacks downward momentum.