Sample Category Title
Crude Oil Further Advance
Pivot (invalidation): 59.15
Our preference Long positions above 59.15 with targets at 60.10 & 60.35 in extension.
Alternative scenario Below 59.15 look for further downside with 58.75 & 58.45 as targets.
Comment The RSI advocates for further upside.
Silver Spot Under Pressure
Pivot (invalidation): 15.1100
Our preference Short positions below 15.1100 with targets at 14.9500 & 14.8600 in extension.
Alternative scenario Above 15.1100 look for further upside with 15.2000 & 15.2500 as targets.
Comment As Long as the resistance at 15.1100 is not surpassed, the risk of the break below 14.9500 remains high.
Gold Spot Towards 1279.50
Pivot (invalidation): 1299.00
Our preference Short positions below 1299.00 with targets at 1282.50 & 1279.50 in extension.
Alternative scenario Above 1299.00 look for further upside with 1303.00 & 1308.00 as targets.
Comment The RSI is bearish and calls for further decline.
S&P 500 Bullish Bias Above 2791.50
Pivot (invalidation): 2791.50
Our preference Long positions above 2791.50 with targets at 2829.00 & 2844.75 in extension.
Alternative scenario Below 2791.50 look for further downside with 2783.25 & 2770.00 as targets.
Comment The RSI is mixed to bullish.
DAX Key Resistance At 11500.00
Pivot (invalidation): 11500.00
Our preference Short positions below 11500.00 with targets at 11340.00 & 11235.00 in extension.
Alternative scenario Above 11500.00 look for further upside with 11560.00 & 11620.00 as targets.
Comment As Long as 11500.00 is resistance, look for choppy price action with a bearish bias.
USD/TRY Further Upside
Pivot (invalidation): 5.5150
Our preference Long positions above 5.5150 with targets at 5.6100 & 5.6920 in extension.
Alternative scenario Below 5.5150 look for further downside with 5.4650 & 5.3850 as targets.
Comment A support base at 5.5150 has formed and has allowed for a temporary stabilisation.
AUD/USD Caution
Pivot (invalidation): 0.7090
Our preference Short positions below 0.7090 with targets at 0.7065 & 0.7055 in extension.
Alternative scenario Above 0.7090 look for further upside with 0.7105 & 0.7120 as targets.
Comment The RSI is mixed and calls for caution.
USD/CAD The Bias Remains Bullish
Pivot (invalidation): 1.3415
Our preference Long positions above 1.3415 with targets at 1.3450 & 1.3465 in extension.
Alternative scenario Below 1.3415 look for further downside with 1.3395 & 1.3375 as targets.
Comment The RSI is mixed with a bearish bias.
USD/CHF Rebound
Pivot (invalidation): 0.9940
Our preference Long positions above 0.9940 with targets at 0.9970 & 0.9985 in extension.
Alternative scenario Below 0.9940 look for further downside with 0.9930 & 0.9920 as targets.
Comment The RSI calls for a rebound.
USD/JPY The Upside Prevails
Pivot (invalidation): 110.50
Our preference Long positions above 110.50 with targets at 111.00 & 111.30 in extension.
Alternative scenario Below 110.50 look for further downside with 110.25 & 110.00 as targets.
Comment The RSI advocates for further upside.
