Sample Category Title
Crude Oil The Bias Remains Bullish
Pivot (invalidation): 56.15
Our preference Long positions above 56.15 with targets at 56.75 & 57.00 in extension.
Alternative scenario Below 56.15 look for further downside with 55.80 & 55.40 as targets.
Comment The RSI is mixed and calls for caution.
Silver Spot Under Pressure
Pivot (invalidation): 15.1000
Our preference Short positions below 15.1000 with targets at 14.9600 & 14.8800 in extension.
Alternative scenario Above 15.1000 look for further upside with 15.1600 & 15.2700 as targets.
Comment As Long as the resistance at 15.1000 is not surpassed, the risk of the break below 14.9600 remains high.
Gold Spot Consolidation In Place
Pivot (invalidation): 1291.00
Our preference Short positions below 1291.00 with targets at 1280.50 & 1276.00 in extension.
Alternative scenario Above 1291.00 look for further upside with 1294.50 & 1297.00 as targets.
Comment As Long as 1291.00 is resistance, expect a return to 1280.50.
S&P 500 Under Pressure
Pivot (invalidation): 2761.50
Our preference Short positions below 2761.50 with targets at 2730.00 & 2710.50 in extension.
Alternative scenario Above 2761.50 look for further upside with 2780.00 & 2796.75 as targets.
Comment The RSI is bearish and calls for further decline.
DAX Key Resistance At 11609.00
Pivot (invalidation): 11609.00
Our preference Short positions below 11609.00 with targets at 11452.00 & 11416.00 in extension.
Alternative scenario Above 11609.00 look for further upside with 11679.00 & 11729.00 as targets.
Comment As Long as the resistance at 11609.00 is not surpassed, the risk of the break below 11452.00 remains high.
USD/TRY Bullish Bias Above 5.4450
Pivot (invalidation): 5.4450
Our preference Long positions above 5.4450 with targets at 5.4810 & 5.5060 in extension.
Alternative scenario Below 5.4450 look for further downside with 5.4220 & 5.3930 as targets.
Comment A support base at 5.4450 has formed and has allowed for a temporary stabilisation.
AUD/USD 0.6985 Expected
Pivot (invalidation): 0.7030
Our preference Short positions below 0.7030 with targets at 0.7000 & 0.6985 in extension.
Alternative scenario Above 0.7030 look for further upside with 0.7050 & 0.7065 as targets.
Comment A break below 0.7000 would trigger a drop towards 0.6985.
USD/CAD The Upside Prevails
Pivot (invalidation): 1.3405
Our preference Long positions above 1.3405 with targets at 1.3505 & 1.3530 in extension.
Alternative scenario Below 1.3405 look for further downside with 1.3370 & 1.3330 as targets.
Comment The RSI lacks downward momentum.
USD/CHF The Bias Remains Bullish
Pivot (invalidation): 1.0080
Our preference Long positions above 1.0080 with targets at 1.0130 & 1.0160 in extension.
Alternative scenario Below 1.0080 look for further downside with 1.0055 & 1.0030 as targets.
Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
USD/JPY 111.00 Expected
Pivot (invalidation): 111.65
Our preference Short positions below 111.65 with targets at 111.30 & 111.00 in extension.
Alternative scenario Above 111.65 look for further upside with 111.85 & 112.00 as targets.
Comment A break below 111.30 would trigger a drop towards 111.00.
