Sample Category Title
Crude Oil Further Advance
Pivot (invalidation): 55.40
Our preference Long positions above 55.40 with targets at 56.65 & 56.95 in extension.
Alternative scenario Below 55.40 look for further downside with 55.00 & 54.75 as targets.
Comment The RSI advocates for further upside.
Silver Spot Further Upside
Pivot (invalidation): 15.8200
Our preference Long positions above 15.8200 with targets at 16.0000 & 16.1000 in extension.
Alternative scenario Below 15.8200 look for further downside with 15.7600 & 15.7000 as targets.
Comment The RSI is mixed to bullish.
Gold Spot Further Upside
Pivot (invalidation): 1324.50
Our preference Long positions above 1324.50 with targets at 1333.00 & 1336.00 in extension.
Alternative scenario Below 1324.50 look for further downside with 1321.00 & 1317.00 as targets.
Comment The RSI is mixed to bullish.
S&P 500 Turning Down
Pivot (invalidation): 2815.00
Our preference Short positions below 2815.00 with targets at 2781.00 & 2763.00 in extension.
Alternative scenario Above 2815.00 look for further upside with 2831.00 & 2844.00 as targets.
Comment The RSI is bearish and calls for further downside.
DAX Further Upside
Pivot (invalidation): 11490.00
Our preference Long positions above 11490.00 with targets at 11560.00 & 11617.00 in extension.
Alternative scenario Below 11490.00 look for further downside with 11440.00 & 11380.00 as targets.
Comment The RSI is bullish and calls for further advance.
Swiss Franc surges after Pakistan shot down two Indian jets in its airspace
Swiss Franc jumps notably on escalating tension between India and Pakistan. It's reported that Pakistan said its fighter planes have shot down two Indian jets. Pakistan army spokesman Asif Ghafoor said Indian jets entered its airspace. Two Indian pilots are arrested.
Ghafoor said in a news conference "this was not a retaliation in true sense, but to tell Pakistan has capability, we can do it, but we want to be responsible, we don't want an escalation, we don't want a war." The country's foreign ministry also said in a statement "If India is striking at so called terrorist backers without a shred of evidence, we also retain reciprocal rights to retaliate against elements that enjoy Indian patronage while carrying out acts of terror in Pakistan,"
It come just a day after India claimed it attacked a terrorist camp in Pakistan. That's the first time Indian jets struck inside Pakistan since 1971.
USD/TRY Bullish Bias Above 5.2910
Pivot (invalidation): 5.2910
Our preference Long positions above 5.2910 with targets at 5.3160 & 5.3250 in extension.
Alternative scenario Below 5.2910 look for further downside with 5.2820 & 5.2730 as targets.
Comment The RSI calls for a new upleg.
AUD/USD Intraday Support Around 0.7160
Pivot (invalidation): 0.7160
Our preference Long positions above 0.7160 with targets at 0.7205 & 0.7225 in extension.
Alternative scenario Below 0.7160 look for further downside with 0.7140 & 0.7120 as targets.
Comment The RSI is above its neutrality area at 50%.
USD/CAD The Downside Prevails
Pivot (invalidation): 1.3195
Our preference Short positions below 1.3195 with targets at 1.3150 & 1.3135 in extension.
Alternative scenario Above 1.3195 look for further upside with 1.3215 & 1.3235 as targets.
Comment The RSI calls for a drop.
USD/CHF Range
Pivot (invalidation): 1.0020
Our preference Short positions below 1.0020 with targets at 0.9980 & 0.9960 in extension.
Alternative scenario Above 1.0020 look for further upside with 1.0035 & 1.0055 as targets.
Comment As Long as 1.0020 is resistance, likely decline to 0.9980.
