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Publish Date: Fri, 24 Nov 2023, 03:51 AM
Crude Oil (WTI) (F4) Intraday: key resistance at 76.75.
Pivot:
76.75
Our preference:
Short positions below 76.75 with targets at 75.30 & 74.85 in extension.
Alternative scenario:
Above 76.75 look for further upside with 77.50 & 78.45 as targets.
Comment:
The RSI has just struck against its neutrality area at 50%.
Gold Intraday: consolidation in place.
Pivot:
1998.00
Our preference:
Short positions below 1998.00 with targets at 1988.00 & 1983.00 in extension.
Alternative scenario:
Above 1998.00 look for further upside with 2003.00 & 2007.00 as targets.
Comment:
As long as 1998.00 is resistance, look for choppy price action with a bearish bias.
EUR/USD Intraday: the bias remains bullish.
Pivot:
1.0885
Our preference:
Long positions above 1.0885 with targets at 1.0920 & 1.0935 in extension.
Alternative scenario:
Below 1.0885 look for further downside with 1.0870 & 1.0850 as targets.
Comment:
A support base at 1.0885 has formed and has allowed for a temporary stabilisation.
GBP/USD Intraday: bullish bias above 1.2515.
Pivot:
1.2515
Our preference:
Long positions above 1.2515 with targets at 1.2545 & 1.2560 in extension.
Alternative scenario:
Below 1.2515 look for further downside with 1.2500 & 1.2485 as targets.
Comment:
Technically the RSI is above its neutrality area at 50.
AUD/USD Intraday: the bias remains bullish.
Pivot:
0.6535
Our preference:
Long positions above 0.6535 with targets at 0.6585 & 0.6600 in extension.
Alternative scenario:
Below 0.6535 look for further downside with 0.6520 & 0.6505 as targets.
Comment:
The RSI is mixed with a bullish bias.
USD/JPY Intraday: 150.00 in sight.
Pivot:
149.20
Our preference:
Long positions above 149.20 with targets at 149.75 & 150.00 in extension.
Alternative scenario:
Below 149.20 look for further downside with 148.90 & 148.60 as targets.
Comment:
The RSI calls for a bounce.