Sample Category Title
Crude Oil Rebound Expected
Pivot (invalidation): 51.00
Our preference Long positions above 51.00 with targets at 52.25 & 52.80 in extension.
Alternative scenario Below 51.00 look for further downside with 50.10 & 49.40 as targets.
Comment The RSI has just landed on its neutrality area at 50% and is turning up.
Silver Spot Under Pressure
Pivot (invalidation): 14.3200
Our preference Short positions below 14.3200 with targets at 14.1700 & 14.0900 in extension.
Alternative scenario Above 14.3200 look for further upside with 14.4400 & 14.5000 as targets.
Comment As Long as 14.3200 is resistance, look for choppy price action with a bearish bias.
Gold Spot Under Pressure
Pivot (invalidation): 1225.50
Our preference Short positions below 1225.50 with targets at 1219.50 & 1217.00 in extension.
Alternative scenario Above 1225.50 look for further upside with 1228.00 & 1230.00 as targets.
Comment As Long as 1225.50 is resistance, look for choppy price action with a bearish bias.
S&P 500 Further Advance
Pivot (invalidation): 2647.00
Our preference Long positions above 2647.00 with targets at 2688.00 & 2718.00 in extension.
Alternative scenario Below 2647.00 look for further downside with 2628.00 & 2600.00 as targets.
Comment The RSI is bullish and calls for further upside.
DAX Bullish Bias Above 11244.00
Pivot (invalidation): 11244.00
Our preference Long positions above 11244.00 with targets at 11400.00 & 11496.00 in extension.
Alternative scenario Below 11244.00 look for further downside with 11190.00 & 11120.00 as targets.
Comment Investors have to remain cautious since these levels may trigger profit taking.
USD/TRY Key Resistance At 5.2650
Pivot (invalidation): 5.2650
Our preference Short positions below 5.2650 with targets at 5.2330 & 5.2160 in extension.
Alternative scenario Above 5.2650 look for further upside with 5.2970 & 5.3250 as targets.
Comment A break below 5.2330 would trigger a drop towards 5.2160.
AUD/USD Key Resistance At 0.7235
Pivot (invalidation): 0.7235
Our preference Short positions below 0.7235 with targets at 0.7200 & 0.7185 in extension.
Alternative scenario Above 0.7235 look for further upside with 0.7255 & 0.7275 as targets.
Comment As Long as the resistance at 0.7235 is not surpassed, the risk of the break below 0.7200 remains high.
USD/CAD Further Advance
Pivot (invalidation): 1.3230
Our preference Long positions above 1.3230 with targets at 1.3270 & 1.3300 in extension.
Alternative scenario Below 1.3230 look for further downside with 1.3200 & 1.3180 as targets.
Comment The RSI calls for a new upleg.
USD/CHF 1.0010 Expected
Pivot (invalidation): 0.9970
Our preference Long positions above 0.9970 with targets at 0.9995 & 1.0010 in extension.
Alternative scenario Below 0.9970 look for further downside with 0.9955 & 0.9930 as targets.
Comment The RSI lacks downward momentum.
USD/JPY The Bias Remains Bullish
Pivot (invalidation): 113.30
Our preference Long positions above 113.30 with targets at 113.65 & 113.80 in extension.
Alternative scenario Below 113.30 look for further downside with 113.10 & 112.90 as targets.
Comment The RSI has just landed on its neutrality area at 50% and is turning up.
