newsroom
Publish Date: Wed, 20 Dec 2023, 02:05 AM
Crude Oil (WTI) (G4) Intraday: intraday support around 73.00.
Pivot:
73.00
Our preference:
Long positions above 73.00 with targets at 74.60 & 75.40 in extension.
Alternative scenario:
Below 73.00 look for further downside with 72.10 & 71.00 as targets.
Comment:
The next resistances are at 74.60 and then at 75.40.
Gold Intraday: bullish bias above 2033.00.
Pivot:
2033.00
Our preference:
Long positions above 2033.00 with targets at 2047.00 & 2053.00 in extension.
Alternative scenario:
Below 2033.00 look for further downside with 2027.00 & 2022.00 as targets.
Comment:
The RSI is mixed with a bullish bias.
EUR/USD Intraday: the upside prevails.
Pivot:
1.0945
Our preference:
Long positions above 1.0945 with targets at 1.0990 & 1.1010 in extension.
Alternative scenario:
Below 1.0945 look for further downside with 1.0925 & 1.0905 as targets.
Comment:
Technically the RSI is above its neutrality area at 50.
GBP/USD Intraday: bullish bias above 1.2700.
Pivot:
1.2700
Our preference:
Long positions above 1.2700 with targets at 1.2760 & 1.2790 in extension.
Alternative scenario:
Below 1.2700 look for further downside with 1.2670 & 1.2645 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
USD/JPY Intraday: bullish bias above 143.40.
Pivot:
143.40
Our preference:
Long positions above 143.40 with targets at 144.35 & 144.90 in extension.
Alternative scenario:
Below 143.40 look for further downside with 142.90 & 142.40 as targets.
Comment:
A support base at 143.40 has formed and has allowed for a temporary stabilisation.
AUD/USD Intraday: the bias remains bullish.
Pivot:
0.6735
Our preference:
Long positions above 0.6735 with targets at 0.6775 & 0.6800 in extension.
Alternative scenario:
Below 0.6735 look for further downside with 0.6710 & 0.6690 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.