Sample Category Title
Crude Oil Under Pressure
Pivot (invalidation): 61.40
Our preference Short positions below 61.40 with targets at 59.90 & 59.30 in extension.
Alternative scenario Above 61.40 look for further upside with 61.90 & 62.50 as targets.
Comment The RSI is bearish and calls for further decline.
Silver Spot The Bias Remains Bullish
Pivot (invalidation): 14.8000
Our preference Long positions above 14.8000 with targets at 15.0000 & 15.0800 in extension.
Alternative scenario Below 14.8000 look for further downside with 14.7200 & 14.6400 as targets.
Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Gold Spot Target 1294.50
Pivot (invalidation): 1277.50
Our preference Long positions above 1277.50 with targets at 1288.50 & 1294.50 in extension.
Alternative scenario Below 1277.50 look for further downside with 1272.50 & 1269.00 as targets.
Comment The RSI shows upside momentum.
S&P 500 Consolidation In Place
Pivot (invalidation): 2951.25
Our preference Short positions below 2951.25 with targets at 2937.00 & 2929.00 in extension.
Alternative scenario Above 2951.25 look for further upside with 2954.00 & 2959.75 as targets.
Comment As Long as 2951.25 is resistance, look for choppy price action with a bearish bias.
DAX The Upside Prevails
Pivot (invalidation): 12360.00
Our preference Long positions above 12360.00 with targets at 12435.00 & 12490.00 in extension.
Alternative scenario Below 12360.00 look for further downside with 12320.00 & 12285.00 as targets.
Comment The RSI advocates for further upside.
USD/TRY The Upside Prevails
Pivot (invalidation): 5.9730
Our preference Long positions above 5.9730 with targets at 6.0000 & 6.0150 in extension.
Alternative scenario Below 5.9730 look for further downside with 5.9550 & 5.9400 as targets.
Comment The break above 5.9730 is a positive signal that has opened a path to 6.0000.
AUD/USD The Downside Prevails
Pivot (invalidation): 0.7000
Our preference Short positions below 0.7000 with targets at 0.6960 & 0.6940 in extension.
Alternative scenario Above 0.7000 look for further upside with 0.7020 & 0.7030 as targets.
Comment As Long as the resistance at 0.7000 is not surpassed, the risk of the break below 0.6960 remains high.
USD/CAD Target 1.3515
Pivot (invalidation): 1.3450
Our preference Long positions above 1.3450 with targets at 1.3500 & 1.3515 in extension.
Alternative scenario Below 1.3450 look for further downside with 1.3430 & 1.3400 as targets.
Comment The RSI is bullish and calls for further upside.
USD/CHF Expect 1.0130
Pivot (invalidation): 1.0180
Our preference Short positions below 1.0180 with targets at 1.0150 & 1.0130 in extension.
Alternative scenario Above 1.0180 look for further upside with 1.0195 & 1.0210 as targets.
Comment A break below 1.0150 would trigger a drop towards 1.0130.
USD/JPY Watch 110.00
Pivot (invalidation): 110.85
Our preference Short positions below 110.85 with targets at 110.30 & 110.00 in extension.
Alternative scenario Above 110.85 look for further upside with 111.10 & 111.40 as targets.
Comment A break below 110.30 would trigger a drop towards 110.00.
