Daniel_Thompson

Daniel_Thompson

Pivot: 81.90 Our preference: long positions above 81.90 with targets at 83.35 & 84.05 in extension. Alternative scenario: below 81.90 look for further downside with 81.25 & 80.70 as targets. Comment: the RSI is mixed with a bullish bias.

Daniel_Thompson

#WaveAnalysis #Gold broke key resistance level 2000.00 Likely to rise to resistance level 2050.00 Gold recently broke the key resistance level 2000.00 (which stopped the previous waves (1), B and 1, as can be seen below). The breakout of the resistance level 2000.00 continues the active minor impulse wave 3 which belongs to wave (3) from the start of this...

Daniel_Thompson

#WaveAnalysis #DJI Dow Jones broke key resistance level 35000. Likely to rise to resistance level 3565.00 Dow Jones index recently broke the key resistance level 35000.00 (which has been reversing the price from the start of September). The breakout of the resistance level 35000.00 accelerated the active minor impulse wave 5 of the higher order impulse wave...

Daniel_Thompson

108.77 is our pivot point. Our preference: as long as 108.77 is support look for 109.88. Alternative scenario: the downside breakout of 108.77 would call for 108.36 and 108.12. 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...

Daniel_Thompson

Pivot: 80.80 Our preference: long positions above 80.80 with targets at 82.00 & 82.60 in extension. Alternative scenario: below 80.80 look for further downside with 80.20 & 79.50 as targets. Comment: the RSI calls for a bounce. The oil market is closely watching the developments within OPEC+ as the group prepares for a virtual meeting on November 30 to discuss...

Daniel_Thompson

Our pivot point is at 108.40. Our preference: the upside prevails as long as 108.40 is support. Alternative scenario: below 108.40, expect 108 and 107.76. Comment: the RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case)....

Daniel_Thompson

#WaveAnalysis #WTI reversed from pivotal support level 74.00 Likely to rise to resistance level 80.00 WTI crude oil recently reversed up from pivotal support level 74.00 (former resistance from May and June) intersecting with the lower daily Bollinger Band. The upward reversal from the support level 74.00 created the daily Japanese candlesticks reversal...

Daniel_Thompson

Pivot: 75.40 Our preference: long positions above 75.40 with targets at 78.00 & 78.70 in extension. Alternative scenario: below 75.40 look for further downside with 74.50 & 73.70 as targets. Comment: the RSI advocates for further advance.

Daniel_Thompson

#WaveAnalysis #NZDUSD reversed from resistance level 0.6020 Likely to fall to support level 0.5925 NZDUSD currency pair recently reversed down from key resistance level 0.6020 (which has been reversing the price from August) coinciding with the upper daily Bollinger Band. The resistance level 0.6020 was also strengthened by the coinciding 38.2% Fibonacci...

Daniel_Thompson

#WaveAnalysis #AUDUSD reversed from resistance level 0.6500 Likely to fall to support level 0,6400 AUDUSD currency pair recently reversed down from pivotal resistance level 0.6500 (former strong support from May, which has been reversing the price from August) intersecting with the upper daily Bollinger Band. The downward reversal from the resistance level...

Daniel_Thompson

Pivot: 78.70 Our preference: short positions below 78.70 with targets at 76.60 & 75.60 in extension. Alternative scenario: above 78.70 look for further upside with 79.40 & 80.20 as targets. Comment: as long as the resistance at 78.70 is not surpassed, the risk of the break below 76.60 remains high.

Daniel_Thompson

Pivot: 81.80 Our preference: short positions below 81.80 with targets at 79.50 & 78.30 in extension. Alternative scenario: above 81.80 look for further upside with 82.40 & 83.00 as targets. Comment: the RSI is bearish and calls for further decline.

Daniel_Thompson

Pivot: 15810.00 Our preference: long positions above 15810.00 with targets at 15915.00 & 15980.00 in extension. Alternative scenario: below 15750.00 look for further downside with 15730.00 & 15650.00 as targets. Comment: the RSI has just broken above a former negative trendline.

Daniel_Thompson

Pivot: 77.40 Our preference: short positions below 77.40 with targets at 75.20 & 74.00 in extension. Alternative scenario: above 77.40 look for further upside with 78.10 & 78.70 as targets. Comment: the RSI calls for a new downleg.

Daniel_Thompson

Pivot: 78.70 Our preference: short positions below 78.70 with targets at 77.00 & 76.25 in extension. Alternative scenario: above 78.70 look for further upside with 79.75 & 80.30 as targets. Comment: the RSI is bearish and calls for further downside

Daniel_Thompson

Our pivot point is at 1965.40. Our preference: as long as 1965.40 is support look for 1982.30. Alternative scenario: below 1960.40, expect 1959.10 and 1955.30. Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Gold (CME) (Z3) is above its 20 and 50 period moving average (respectively at 1967.80 and 1960.30).

Daniel_Thompson

Pivot: 77.50 Our preference: long positions above 77.50 with targets at 80.30 & 81.25 in extension. Alternative scenario: below 77.00 look for further downside with 76.90 & 76.25 as targets. Comment: the RSI is above its neutrality area at 50%

Daniel_Thompson

Pivot: 14650.00 Our preference: long positions above 14650.00 with targets at 14950.00 & 15050.00 in extension. Alternative scenario: below 14650.00 look for further downside with 14560.00 & 14500.00 as targets. Comment: the RSI shows upside momentum.