Sample Category Title
Crude Oil Rebound Expected
Pivot (invalidation): 71.30
Our preference Long positions above 71.30 with targets at 72.70 & 73.60 in extension.
Alternative scenario Below 71.30 look for further downside with 70.90 & 70.50 as targets.
Comment The RSI is supported by a bullish trend line.
Silver Spot Further Advance
Pivot (invalidation): 14.5200
Our preference Long positions above 14.5200 with targets at 14.7000 & 14.7700 in extension.
Alternative scenario Below 14.5200 look for further downside with 14.4300 & 14.3400 as targets.
Comment The RSI is supported by a rising trend line.
Gold Spot Further Advance
Pivot (invalidation): 1215.50
Our preference Long positions above 1215.50 with targets at 1226.50 & 1230.00 in extension.
Alternative scenario Below 1215.50 look for further downside with 1210.50 & 1205.50 as targets.
Comment The RSI advocates for further advance.
S&P 500 Key Resistance At 2785.00
Pivot (invalidation): 2785.00
Our preference Short positions below 2785.00 with targets at 2731.00 & 2710.00 in extension.
Alternative scenario Above 2785.00 look for further upside with 2810.00 & 2831.25 as targets.
Comment The RSI is mixed with a bearish bias.
DAX The Downside Prevails
Pivot (invalidation): 11670.00
Our preference Short positions below 11670.00 with targets at 11400.00 & 11210.00 in extension.
Alternative scenario Above 11670.00 look for further upside with 11750.00 & 11810.00 as targets.
Comment The RSI is capped by a bearish trend line. The index is trading in a bearish channel.
USD/TRY Capped By A Negative Trend Line
Pivot (invalidation): 5.9380
Our preference Short positions below 5.9380 with targets at 5.8380 & 5.7680 in extension.
Alternative scenario Above 5.9380 look for further upside with 6.0055 & 6.0810 as targets.
Comment A break below 5.8380 would trigger a drop towards 5.7680.
AUD/USD Key Resistance At 0.7120
Pivot (invalidation): 0.7120
Our preference Short positions below 0.7120 with targets at 0.7095 & 0.7080 in extension.
Alternative scenario Above 0.7120 look for further upside with 0.7130 & 0.7140 as targets.
Comment Technically the RSI is below its neutrality area at 50.
USD/CAD Caution
Pivot (invalidation): 1.3015
Our preference Long positions above 1.3015 with targets at 1.3050 & 1.3070 in extension.
Alternative scenario Below 1.3015 look for further downside with 1.3000 & 1.2980 as targets.
Comment A support base at 1.3015 has formed and has allowed for a temporary stabilisation.
USD/CHF Bullish Bias Above 0.9895
Pivot (invalidation): 0.9895
Our preference Long positions above 0.9895 with targets at 0.9930 & 0.9955 in extension.
Alternative scenario Below 0.9895 look for further downside with 0.9880 & 0.9865 as targets.
Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
USD/JPY Rebound Expected
Pivot (invalidation): 111.90
Our preference Long positions above 111.90 with targets at 112.35 & 112.55 in extension.
Alternative scenario Below 111.90 look for further downside with 111.60 & 111.30 as targets.
Comment A support base at 111.90 has formed and has allowed for a temporary stabilisation.
