Sample Category Title

Crude Oil Bullish Bias Above 67.70

Pivot (invalidation): 67.70

Our preference Long positions above 67.70 with targets at 68.90 & 69.15 in extension.

Alternative scenario Below 67.70 look for further downside with 67.20 & 66.60 as targets.

Comment A support base at 67.70 has formed and has allowed for a temporary stabilisation.

Silver Spot Further Advance

Pivot (invalidation): 15.3700

Our preference Long positions above 15.3700 with targets at 15.6200 & 15.7200 in extension.

Alternative scenario Below 15.3700 look for further downside with 15.3000 & 15.2200 as targets.

Comment The RSI is supported by a rising trend line.

Gold Spot Rebound In Sight

Pivot (invalidation): 1226.00

Our preference Long positions above 1226.00 with targets at 1238.00 & 1241.00 in extension.

Alternative scenario Below 1226.00 look for further downside with 1221.00 & 1215.50 as targets.

Comment The RSI shows upside momentum.

EUR/CHF Watch 1.1620

Pivot (invalidation): 1.1650

Our preference Short positions below 1.1650 with targets at 1.1620 & 1.1600 in extension.

Alternative scenario Above 1.1650 look for further upside with 1.1665 & 1.1680 as targets.

Comment A break below 1.1620 would trigger a drop towards 1.1600.

EUR/GBP Under Pressure

Pivot (invalidation): 0.8945

Our preference Short positions below 0.8945 with targets at 0.8920 & 0.8900 in extension.

Alternative scenario Above 0.8945 look for further upside with 0.8960 & 0.8980 as targets.

Comment A break below 0.8920 would trigger a drop towards 0.8900.

AUD/USD Bullish Bias Above 0.7400

Pivot (invalidation): 0.7400

Our preference Long positions above 0.7400 with targets at 0.7440 & 0.7455 in extension.

Alternative scenario Below 0.7400 look for further downside with 0.7375 & 0.7350 as targets.

Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

USD/CAD Under Pressure

Pivot (invalidation): 1.3165

Our preference Short positions below 1.3165 with targets at 1.3105 & 1.3065 in extension.

Alternative scenario Above 1.3165 look for further upside with 1.3200 & 1.3230 as targets.

Comment Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

USD/CHF Under Pressure

Pivot (invalidation): 0.9950

Our preference Short positions below 0.9950 with targets at 0.9890 & 0.9870 in extension.

Alternative scenario Above 0.9950 look for further upside with 0.9975 & 1.0005 as targets.

Comment The break below 0.9950 is a negative signal that has opened a path to 0.9890.

USD/JPY Under Pressure

Pivot (invalidation): 111.60

Our preference Short positions below 111.60 with targets at 110.60 & 110.20 in extension.

Alternative scenario Above 111.60 look for further upside with 112.15 & 112.50 as targets.

Comment The RSI has broken down its 30 level.

GBP/USD The Upside Prevails

Pivot (invalidation): 1.3095

Our preference Long positions above 1.3095 with targets at 1.3180 & 1.3215 in extension.

Alternative scenario Below 1.3095 look for further downside with 1.3050 & 1.3000 as targets.

Comment The RSI is bullish and calls for further advance.