Pivot: 1921.00 Our preference: long positions above 1921.00 with targets at 1938.00 & 1948.00 in extension. the RSI is bullish and calls for further upside
Pivot: 88.40 Our preference: long positions above 88.40 with targets at 89.35 & 90.00 in extension. Alternative scenario: below 88.40 look for further downside with 87.80 & 87.20 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
In the short we can look at a pullback, with a possible lift off heading into next week. for now i see a downdraw towards Mondays lows. targets down towards 86.200 86.040 85.280 don't rule out the strike upwards then the pullback, overall short positions for short term gains.
Pivot: 23.25 Our preference: long positions above 23.25 with targets at 23.49 & 23.64 in extension. Alternative scenario: below 23.25 look for further downside with 23.13 & 23.01 as targets. Comment: the RSI lacks downward momentum.
Pivot: 15390.00 Our preference: short positions below 15390.00 with targets at 15160.00 & 15070.00 in extension. Alternative scenario: above 15390.00 look for further upside with 15470.00 & 15530.00 as targets. Comment: intraday technical indicators are mixed and call for caution.
Pivot: 86.70 Our preference: long positions above 86.90 with targets at 88.05 & 89.00 in extension. Alternative scenario: below 86.90 look for further downside with 86.15 & 85.60 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Oil might rally on supply curbs. Saudi Arabia extends its one...
Pivot: 86.30 Our preference: long positions above 86.10 with targets at 88.20 & 89.10 in extension. Alternative scenario: below 86.10 look for further downside with 85.00 & 84.15 as targets. Comment: the next resistances are at 88.20 and then at 89.10
Pivot: 15610.00 Our preference: short positions below 15610.00 with targets at 15340.00 & 15160.00 in extension. Alternative scenario: above 15610.00 look for further upside with 15780.00 & 15990.00 as targets. Comment: the RSI is around its neutrality area at 50%
94.24 is our pivot point. Our preference: as long as 94.24 is support look for 95.54. Alternative scenario: below 94.24, expect 93.74 and 93.45. Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively...
Pivot: 84.60 Our preference: long positions above 84.60 with targets at 86.10 & 87.00 in extension. Alternative scenario: below 84.60 look for further downside with 84.00 & 83.30 as targets. Comment: the RSI lacks downward momentum
Pivot: 4280.00 Our preference: long positions above 4280.00 with targets at 4341.00 & 4358.00 in extension. Alternative scenario: below 4280.00 look for further downside with 4257.00 & 4237.00 as targets. Comment: the RSI is bullish and calls for further advance
Pivot: 4280.00 Our preference: long positions above 4280.00 with targets at 4341.00 & 4358.00 in extension. Alternative scenario: below 4280.00 look for further downside with 4257.00 & 4237.00 as targets. Comment: the RSI is bullish and calls for further advance
Pivot: 34800.00 Our preference: long positions above 34800.00 with targets at 35170.00 & 35340.00 in extension. Alternative scenario: below 34800.00 look for further downside with 34670.00 & 34480.00 as targets. Comment: the RSI is above its neutrality area at 50%.
Pivot: 15450.00 Our preference: long positions above 15450.00 with targets at 15670.00 & 15790.00 in extension. Alternative scenario: below 15450.00 look for further downside with 15360.00 & 15240.00 as targets. Comment: a support base at 15450.00 has formed and has allowed for a temporary stabilisation.
Pivot: 15320.00 Our preference: long positions above 15320.00 with targets at 15600.00 & 15790.00 in extension. Alternative scenario: below 15320.00 look for further downside with 15140.00 & 14970.00 as targets. Comment: the next resistances are at 15600.00 and then at 15790.00.
Pivot: 15835.00 Our preference: long positions above 15835.00 with targets at 16025.00 & 16100.00 in extension. Alternative scenario: below 15835.00 look for further downside with 15775.00 & 15640.00 as targets. Comment: the RSI is above its neutrality area at 50%.
Pivot: 14880.00 Our preference: long positions above 14880.00 with targets at 15240.00 & 15420.00 in extension. Alternative scenario: below 14880.00 look for further downside with 14760.00 & 14620.00 as targets. Comment: the next resistances are at 15240.00 and then at 15420.00.
Pivot: 14760.00 Our preference: "Buy now and hold London session and NY session might see a small pullback at NY session then continue" long positions above 14760.00 with targets at 15190.00 & 15320.00 in extension. Alternative scenario: below 14760.00 look for further downside with 14620.00 & 14500.00 as targets. Comment: the next resistances are at...