EUR/USD Intraday: capped by a negative trend line.
Pivot:
1.1310
Our preference:
short positions below 1.1310 with targets at 1.1275 & 1.1255 in extension.
Alternative scenario:
above 1.1310 look for further upside with 1.1330 & 1.1355 as targets.
Comment:
the RSI is mixed to bearish.
GBP/USD Intraday: capped by a negative trend line.
Pivot:
1.2615
Our preference:
short positions below 1.2615 with targets at 1.2560 & 1.2540 in extension.
Alternative scenario:
above 1.2615 look for further upside with 1.2640 & 1.2670 as targets.
Comment:
the RSI advocates for further downside.
AUD/USD Intraday: towards 0.7020.
Pivot:
0.6980
Our preference:
long positions above 0.6980 with targets at 0.7005 & 0.7020 in extension.
Alternative scenario:
below 0.6980 look for further downside with 0.6965 & 0.6955 as targets.
Comment:
the RSI calls for a new upleg.
Gold spot Intraday: expect 1436.00.
Pivot:
1415.00
Our preference:
long positions above 1415.00 with targets at 1436.00 & 1446.00 in extension.
Alternative scenario:
below 1415.00 look for further downside with 1406.00 & 1398.00 as targets.
Comment:
the RSI is bullish and calls for further upside.
Silver spot Intraday: expect 15.5400.
Pivot:
15.2300
Our preference:
long positions above 15.2300 with targets at 15.4600 & 15.5400 in extension.
Alternative scenario:
below 15.2300 look for further downside with 15.1800 & 15.1000 as targets.
Comment:
the RSI is mixed with a bullish bias.
Crude Oil (WTI) (Q9) Intraday: under pressure.
Pivot:
57.30
Our preference:
short positions below 57.30 with targets at 56.10 & 55.35 in extension.
Alternative scenario:
above 57.30 look for further upside with 57.85 & 58.55 as targets.
Comment:
the RSI calls for a new downleg. The declining 20-period moving average should push the prices lower.
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