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Publish Date: Fri, 29 Dec 2023, 03:33 AM
Crude Oil (WTI) (G4) Intraday: the downside prevails.
Pivot:
72.75
Our preference:
Short positions below 72.75 with targets at 71.15 & 70.65 in extension.
Alternative scenario:
Above 72.75 look for further upside with 73.80 & 74.40 as targets.
Comment:
The RSI shows downside momentum.
Gold Intraday: expect 2051.00.
Pivot:
2076.00
Our preference:
Short positions below 2076.00 with targets at 2060.00 & 2051.00 in extension.
Alternative scenario:
Above 2076.00 look for further upside with 2082.00 & 2088.00 as targets.
Comment:
The RSI is bearish and calls for further decline.
EUR/USD Intraday: watch 1.1030.
Pivot:
1.1090
Our preference:
Short positions below 1.1090 with targets at 1.1050 & 1.1030 in extension.
Alternative scenario:
Above 1.1090 look for further upside with 1.1110 & 1.1130 as targets.
Comment:
The RSI advocates for further downside.
GBP/USD Intraday: under pressure.
Pivot:
1.2760
Our preference:
Short positions below 1.2760 with targets at 1.2710 & 1.2690 in extension.
Alternative scenario:
Above 1.2760 look for further upside with 1.2780 & 1.2800 as targets.
Comment:
The RSI is bearish and calls for further decline.
AUD/USD Intraday: expect 0.6790.
Pivot:
0.6850
Our preference:
Short positions below 0.6850 with targets at 0.6810 & 0.6790 in extension.
Alternative scenario:
Above 0.6850 look for further upside with 0.6870 & 0.6890 as targets.
Comment:
The RSI calls for a new downleg.
USD/JPY Intraday: bullish bias above 140.90.
Pivot:
140.90
Our preference:
Long positions above 140.90 with targets at 141.80 & 142.20 in extension.
Alternative scenario:
Below 140.90 look for further downside with 140.60 & 140.25 as targets.
Comment:
The RSI calls for a rebound.