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Publish Date: Mon, 18 Dec 2023, 06:03 AM
Crude Oil (WTI) (F4) Intraday: look for 73.80.
Pivot:
71.15
Our preference:
Long positions above 71.15 with targets at 73.00 & 73.80 in extension.
Alternative scenario:
Below 71.15 look for further downside with 70.60 & 70.00 as targets.
Comment:
The RSI advocates for further upside.
Gold Intraday: turning down.
Pivot:
2029.00
Our preference:
Short positions below 2029.00 with targets at 2008.00 & 2000.00 in extension.
Alternative scenario:
Above 2029.00 look for further upside with 2038.00 & 2048.00 as targets.
Comment:
The RSI is bearish and calls for further decline.
EUR/USD Intraday: the downside prevails.
Pivot:
1.0950
Our preference:
Short positions below 1.0950 with targets at 1.0860 & 1.0830 in extension.
Alternative scenario:
Above 1.0950 look for further upside with 1.0980 & 1.1010 as targets.
Comment:
A break below 1.0860 would trigger a drop towards 1.0830.
GBP/USD Intraday: watch 1.2645.
Pivot:
1.2730
Our preference:
Short positions below 1.2730 with targets at 1.2645 & 1.2605 in extension.
Alternative scenario:
Above 1.2730 look for further upside with 1.2765 & 1.2795 as targets.
Comment:
A break below 1.2645 would trigger a drop towards 1.2605.
AUD/USD Intraday: range.
Pivot:
0.6730
Our preference:
Short positions below 0.6730 with targets at 0.6665 & 0.6635 in extension.
Alternative scenario:
Above 0.6730 look for further upside with 0.6770 & 0.6800 as targets.
Comment:
The upward potential is likely to be limited by the resistance at 0.6730.
USD/JPY Intraday: bullish bias above 141.40.
Pivot:
141.40
Our preference:
Long positions above 141.40 with targets at 142.80 & 143.55 in extension.
Alternative scenario:
Below 141.40 look for further downside with 140.90 & 140.50 as targets.
Comment:
Technically the RSI is above its neutrality area at 50.