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Publish Date: Wed, 06 Dec 2023, 03:06 AM
Crude Oil (WTI) (F4) Intraday: the downside prevails.
Pivot:
73.00
Our preference:
Short positions below 73.00 with targets at 71.70 & 71.00 in extension.
Alternative scenario:
Above 73.00 look for further upside with 74.10 & 75.00 as targets.
Comment:
The RSI is bearish and calls for further decline.
Gold Intraday: key resistance at 2030.00.
Pivot:
2030.00
Our preference:
Short positions below 2030.00 with targets at 2010.00 & 2000.00 in extension.
Alternative scenario:
Above 2030.00 look for further upside with 2041.00 & 2052.00 as targets.
Comment:
As long as the resistance at 2030.00 is not surpassed, the risk of the break below 2010.00 remains high.
EUR/USD Intraday: capped by a negative trend line.
Pivot:
1.0825
Our preference:
Short positions below 1.0825 with targets at 1.0770 & 1.0745 in extension.
Alternative scenario:
Above 1.0825 look for further upside with 1.0845 & 1.0865 as targets.
Comment:
Technically the RSI is below its neutrality area at 50.
GBP/USD Intraday: watch 1.2570.
Pivot:
1.2625
Our preference:
Short positions below 1.2625 with targets at 1.2570 & 1.2545 in extension.
Alternative scenario:
Above 1.2625 look for further upside with 1.2645 & 1.2670 as targets.
Comment:
A break below 1.2570 would trigger a drop towards 1.2545.
AUD/USD Intraday: capped by a negative trend line.
Pivot:
0.6585
Our preference:
Short positions below 0.6585 with targets at 0.6530 & 0.6510 in extension.
Alternative scenario:
Above 0.6585 look for further upside with 0.6610 & 0.6640 as targets.
Comment:
A break below 0.6530 would trigger a drop towards 0.6510.
USD/JPY Intraday: bullish bias above 146.75.
Pivot:
146.75
Our preference:
Long positions above 146.75 with targets at 147.50 & 147.90 in extension.
Alternative scenario:
Below 146.75 look for further downside with 146.45 & 146.20 as targets.
Comment:
A support base at 146.75 has formed and has allowed for a temporary stabilisation.