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Publish Date: Mon, 04 Dec 2023, 02:33 AM
Crude Oil (WTI) (F4) Intraday: key resistance at 75.35.
Pivot:
75.35
Our preference:
Short positions below 75.35 with targets at 73.90 & 73.40 in extension.
Alternative scenario:
Above 75.35 look for further upside with 76.40 & 77.10 as targets.
Comment:
As long as 75.35 is resistance, look for choppy price action with a bearish bias.
Gold Intraday: further advance.
Pivot:
2050.00
Our preference:
Long positions above 2050.00 with targets at 2085.00 & 2100.00 in extension.
Alternative scenario:
Below 2050.00 look for further downside with 2035.00 & 2020.00 as targets.
Comment:
The RSI is bullish and calls for further advance.
EUR/USD Intraday: bullish bias above 1.0850.
Pivot:
1.0850
Our preference:
Long positions above 1.0850 with targets at 1.0910 & 1.0940 in extension.
Alternative scenario:
Below 1.0850 look for further downside with 1.0825 & 1.0800 as targets.
Comment:
The break above 1.0850 is a positive signal that has opened a path to 1.0910.
GBP/USD Intraday: continuation of the rebound.
Pivot:
1.2670
Our preference:
Long positions above 1.2670 with targets at 1.2730 & 1.2750 in extension.
Alternative scenario:
Below 1.2670 look for further downside with 1.2635 & 1.2610 as targets.
Comment:
The RSI advocates for further advance.
AUD/USD Intraday: the upside prevails.
Pivot:
0.6635
Our preference:
Long positions above 0.6635 with targets at 0.6690 & 0.6715 in extension.
Alternative scenario:
Below 0.6635 look for further downside with 0.6610 & 0.6585 as targets.
Comment:
The break above 0.6635 is a positive signal that has opened a path to 0.6690.
USD/JPY Intraday: under pressure.
Pivot:
147.50
Our preference:
Short positions below 147.50 with targets at 146.40 & 146.00 in extension.
Alternative scenario:
Above 147.50 look for further upside with 147.90 & 148.35 as targets.
Comment:
The break below 147.50 is a negative signal that has opened a path to 146.40.