EUR/USD Intraday: the downside prevails.
Pivot:
1.0960
Our preference:
Short positions below 1.0960 with targets at 1.0915 & 1.0900 in extension.
Alternative scenario:
Above 1.0960 look for further upside with 1.0980 & 1.1000 as targets.
Comment:
The RSI is mixed to bearish.
USD/JPY Intraday: further advance.
Pivot:
143.00
Our preference:
Long positions above 143.00 with targets at 144.00 & 144.50 in extension.
Alternative scenario:
Below 143.00 look for further downside with 142.70 & 142.20 as targets.
Comment:
The RSI shows upside momentum.
GBP/USD Intraday: key resistance at 1.2740.
Pivot:
1.2740
Our preference:
Short positions below 1.2740 with targets at 1.2685 & 1.2655 in extension.
Alternative scenario:
Above 1.2740 look for further upside with 1.2760 & 1.2775 as targets.
Comment:
The RSI shows downside momentum.
Gold Intraday: under pressure.
Pivot:
1945.00
Our preference:
Short positions below 1945.00 with targets at 1927.00 & 1920.00 in extension.
Alternative scenario:
Above 1945.00 look for further upside with 1954.00 & 1962.00 as targets.
Comment:
The RSI calls for a new down leg.
Crude Oil (WTI) (U3) Intraday: expect 78.30.
Pivot:
80.60
Our preference:
Short positions below 80.60 with targets at 79.00 & 78.30 in extension.
Alternative scenario:
Above 80.60 look for further upside with 81.50 & 82.40 as targets.
Comment:
As long as the resistance at 80.60 is not surpassed, the risk of a break below 79.00 remains high.
Nasdaq 100 (CME) (U3) Intraday: under pressure.
Pivot:
15590.00
Our preference:
Short positions below 15590.00 with targets at 15350.00 & 15220.00 in extension.
Alternative scenario:
Above 15590.00 look for further upside with 15720.00 & 15810.00 as targets.
Comment:
As long as 15590.00 is resistance, look for choppy price action with a bearish bias.
Dax (Eurex) Intraday: the downside prevails.
Pivot:
16225.00
Our preference:
Short positions below 16225.00 with targets at 15970.00 & 15870.00 in extension.
Alternative scenario:
Above 16225.00 look for further upside with 16295.00 & 16365.00 as targets.
Comment:
The RSI has just struck against its neutrality area at 50% and is reversing.
Dow Jones (CME) (U3) Intraday: key resistance at 35570.00.
Pivot:
35570.00
Our preference:
Short positions below 35570.00 with targets at 35350.00 & 35250.00 in extension.
Alternative scenario:
Above 35570.00 look for further upside with 35675.00 & 35775.00 as targets.
Comment:
As long as the resistance at 35570.00 is not surpassed, the risk of a break below 35350.00 remains high.
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