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Publish Date: Tue, 02 Jan 2024, 02:02 AM
Crude Oil (WTI) (G4) Intraday: key resistance at 72.55.
Pivot:
72.55
Our preference:
Short positions below 72.55 with targets at 71.20 & 70.45 in extension.
Alternative scenario:
Above 72.55 look for further upside with 73.70 & 74.30 as targets.
Comment:
As long as the resistance at 72.55 is not surpassed, the risk of the break below 71.20 remains high.
Gold Intraday: intraday support around 2057.00.
Pivot:
2057.00
Our preference:
Long positions above 2057.00 with targets at 2074.00 & 2080.00 in extension.
Alternative scenario:
Below 2057.00 look for further downside with 2051.00 & 2047.00 as targets.
Comment:
A support base at 2057.00 has formed and has allowed for a temporary stabilisation.
AUD/USD Intraday: the downside prevails.
Pivot:
0.6835
Our preference:
Short positions below 0.6835 with targets at 0.6795 & 0.6780 in extension.
Alternative scenario:
Above 0.6835 look for further upside with 0.6850 & 0.6870 as targets.
Comment:
Technically the RSI is below its neutrality area at 50.
GBP/USD Intraday: watch 1.2680.
Pivot:
1.2755
Our preference:
Short positions below 1.2755 with targets at 1.2700 & 1.2680 in extension.
Alternative scenario:
Above 1.2755 look for further upside with 1.2770 & 1.2785 as targets.
Comment:
As long as the resistance at 1.2755 is not surpassed, the risk of the break below 1.2700 remains high.
USD/JPY Intraday: the downside prevails.
Pivot:
141.35
Our preference:
Short positions below 141.35 with targets at 140.60 & 140.25 in extension.
Alternative scenario:
Above 141.35 look for further upside with 141.65 & 141.90 as targets.
Comment:
The RSI advocates for further decline.
EUR/USD Intraday: towards 1.1000.
Pivot:
1.1065
Our preference:
Short positions below 1.1065 with targets at 1.1020 & 1.1000 in extension.
Alternative scenario:
Above 1.1065 look for further upside with 1.1080 & 1.1100 as targets.
Comment:
The RSI advocates for further downside.