Our preference: LONG positions above 21.45 with targets @ 21.9 & 22.1.
Alternative scenario: The downside penetration of 21.45 will call for a slide towards 21.3 & 21.2.
Comment: intraday support around 21.45
Monday, September 30, 2013
SILVER (Spot) intraday: up turn.
Pivot: 21.45
Our preference: LONG positions above 21.45 with targets @ 21.9 & 22.1.
Alternative scenario: The downside penetration of 21.45 will call for a slide towards 21.3 & 21.2.
Comment: intraday support around 21.45
Our preference: LONG positions above 21.45 with targets @ 21.9 & 22.1.
Alternative scenario: The downside penetration of 21.45 will call for a slide towards 21.3 & 21.2.
Comment: intraday support around 21.45
Crude Oil (Nov 13) intraday: the downside prevails.
Pivot: 102.25
Our preference: SHORT positions below 102.25 with 100.85 & 99.65 in sight.
Alternative scenario: The upside penetration of 102.25 will call for 103.15 & 103.75.
Comment: the break below 102.25 is a negative signal that has opened a path to 100.85.
Our preference: SHORT positions below 102.25 with 100.85 & 99.65 in sight.
Alternative scenario: The upside penetration of 102.25 will call for 103.15 & 103.75.
Comment: the break below 102.25 is a negative signal that has opened a path to 100.85.
GOLD (Spot) intraday: the bias remains bullish.
Pivot: 1320.00
Our preference: LONG positions above 1320 with 1352 & 1359 as next targets.
Alternative scenario: The downside breakout of 1320 will open the way to 1306 & 1291.
Comment: gold prices are trading in a bullish channel.
Our preference: LONG positions above 1320 with 1352 & 1359 as next targets.
Alternative scenario: The downside breakout of 1320 will open the way to 1306 & 1291.
Comment: gold prices are trading in a bullish channel.
Friday, September 27, 2013
Crude Oil (Nov 13) intraday: the downside prevails.
Pivot: 103.30
Our preference: SHORT positions below 103.3 with 102.2 & 100.85 in sight.
Alternative scenario: The upside penetration of 103.3 will call for a rebound towards 103.95 & 105.
Comment: capped by a negative trend line.
Our preference: SHORT positions below 103.3 with 102.2 & 100.85 in sight.
Alternative scenario: The upside penetration of 103.3 will call for a rebound towards 103.95 & 105.
Comment: capped by a negative trend line.
SILVER (Spot) intraday: turning down.
Pivot: 21.90
Our preference: SHORT positions below 21.9 with 21.3 & 21.2 as next targets.
Alternative scenario: The upside penetration of 21.9 will call for 22.1 & 22.45.
Comment: the RSI is bearish and calls for further downside.
Our preference: SHORT positions below 21.9 with 21.3 & 21.2 as next targets.
Alternative scenario: The upside penetration of 21.9 will call for 22.1 & 22.45.
Comment: the RSI is bearish and calls for further downside.
GOLD (Spot) intraday: further upside.
Pivot: 1320.00
Our preference: LONG positions above 1320 with 1339 & 1346 in sight.
Alternative scenario: The downside penetration of 1320 will call for 1306 & 1291.
Comment: intraday support around 1320
Our preference: LONG positions above 1320 with 1339 & 1346 in sight.
Alternative scenario: The downside penetration of 1320 will call for 1306 & 1291.
Comment: intraday support around 1320
SILVER (Spot) intraday: turning down.
Pivot: 21.90
Our preference: SHORT positions below 21.9 with targets @ 21.3 & 21.2.
Alternative scenario: The upside penetration of 21.9 will call for a rebound towards 22.1 & 22.45.
Comment: the RSI is bearish and calls for further downside.
Our preference: SHORT positions below 21.9 with targets @ 21.3 & 21.2.
Alternative scenario: The upside penetration of 21.9 will call for a rebound towards 22.1 & 22.45.
Comment: the RSI is bearish and calls for further downside.
GOLD (Spot) intraday: the bias remains bullish.
Pivot: 1320.00
Our preference: LONG positions above 1320 with targets @ 1339 & 1346.
Alternative scenario: The downside penetration of 1320 will call for 1306 & 1291.
Comment: intraday support around 1320.
Our preference: LONG positions above 1320 with targets @ 1339 & 1346.
Alternative scenario: The downside penetration of 1320 will call for 1306 & 1291.
Comment: intraday support around 1320.
Crude Oil (Nov 13) intraday: the downside prevails.
Pivot: 103.30
Our preference: SHORT positions below 103.3 with 102.2 & 100.85 in sight.
Alternative scenario: The upside penetration of 103.3 will call for a rebound towards 103.95 & 105.
Comment: capped by a negative trend line.
Our preference: SHORT positions below 103.3 with 102.2 & 100.85 in sight.
Alternative scenario: The upside penetration of 103.3 will call for a rebound towards 103.95 & 105.
Comment: capped by a negative trend line.
Thursday, September 26, 2013
GOLD (Spot) intraday: bullish bias above 1320
Pivot: 1320.00
Our preference: LONG positions above 1320 with 1346 & 1358 as next targets.
Alternative scenario: The downside penetration of 1320 will call for a slide towards 1306 & 1291.
Comment: the break above the 1329 former resistance area is a positive signal calling for further advance.
Our preference: LONG positions above 1320 with 1346 & 1358 as next targets.
Alternative scenario: The downside penetration of 1320 will call for a slide towards 1306 & 1291.
Comment: the break above the 1329 former resistance area is a positive signal calling for further advance.
SILVER (Spot) intraday: key ST resistance at 21.95
Pivot: 21.95
Our preference: SHORT positions below 21.95 with 21.5 & 21.2 in sight.
Alternative scenario: The upside breakout of 21.95 will open the way to 22.45 & 23.
Comment: as long as 21.95 is resistance, look for choppy price action with a bearish bias.
Our preference: SHORT positions below 21.95 with 21.5 & 21.2 in sight.
Alternative scenario: The upside breakout of 21.95 will open the way to 22.45 & 23.
Comment: as long as 21.95 is resistance, look for choppy price action with a bearish bias.
Crude Oil (Nov 13) intraday: key ST resistance at 104.1
Pivot: 104.10
Our preference: SHORT positions below 104.1 with 100.85 & 99.65 as next targets.
Alternative scenario: The upside penetration of 104.1 will call for a rebound towards 105 & 105.6.
Comment: the RSI is bearish and calls for further downside.
Our preference: SHORT positions below 104.1 with 100.85 & 99.65 as next targets.
Alternative scenario: The upside penetration of 104.1 will call for a rebound towards 105 & 105.6.
Comment: the RSI is bearish and calls for further downside.
Crude Oil (Nov 13) intraday: under pressure.
Pivot: 104.10
Our preference: SHORT positions below 104.1 with 100.85 & 99.65 in sight.
Alternative scenario: The upside penetration of 104.1 will call for 105 & 105.6.
Comment: the RSI is bearish and calls for further downside.
Our preference: SHORT positions below 104.1 with 100.85 & 99.65 in sight.
Alternative scenario: The upside penetration of 104.1 will call for 105 & 105.6.
Comment: the RSI is bearish and calls for further downside.
GOLD (Spot) intraday: bullish bias above 1320
Pivot: 1320.00
Our preference: LONG positions above 1320 with 1346 & 1358 as next targets.
Alternative scenario: The downside penetration of 1320 will call for 1306 & 1291.
Comment: the break above the 1329 former resistance area is a positive signal calling for further advance.
Our preference: LONG positions above 1320 with 1346 & 1358 as next targets.
Alternative scenario: The downside penetration of 1320 will call for 1306 & 1291.
Comment: the break above the 1329 former resistance area is a positive signal calling for further advance.
SILVER (Spot) intraday: key ST resistance at 21.95
Pivot: 21.95
Our preference: SHORT positions below 21.95 with 21.5 & 21.2 as next targets.
Alternative scenario: The upside penetration of 21.95 will call for a rebound towards 22.45 & 23.
Comment: as long as 21.95 is resistance, look for choppy price action with a bearish bias.
Our preference: SHORT positions below 21.95 with 21.5 & 21.2 as next targets.
Alternative scenario: The upside penetration of 21.95 will call for a rebound towards 22.45 & 23.
Comment: as long as 21.95 is resistance, look for choppy price action with a bearish bias.
Wednesday, September 25, 2013
Crude Oil (Nov 13) intraday: the downside prevails.
Pivot: 104.10
Our preference: SHORT positions below 104.1 with targets @ 102.3 & 100.85.
Alternative scenario: The upside penetration of 104.1 will call for a rebound towards 105 & 105.6.
Comment: as long as 104.1 is resistance, likely decline to 102.3.
Our preference: SHORT positions below 104.1 with targets @ 102.3 & 100.85.
Alternative scenario: The upside penetration of 104.1 will call for a rebound towards 105 & 105.6.
Comment: as long as 104.1 is resistance, likely decline to 102.3.
SILVER (Spot) intraday: the downside prevails.
Pivot: 21.95
Our preference: SHORT positions below 21.95 with targets @ 21.2 & 20.6.
Alternative scenario: The upside breakout of 21.95 will open the way to 22.45 & 23.
Comment: as long as 21.95 is resistance, look for choppy price action with a bearish bias.
Our preference: SHORT positions below 21.95 with targets @ 21.2 & 20.6.
Alternative scenario: The upside breakout of 21.95 will open the way to 22.45 & 23.
Comment: as long as 21.95 is resistance, look for choppy price action with a bearish bias.
GOLD (Dec 13) intraday: the downside prevails.
Pivot: 1332.00
Our preference: SHORT positions below 1332 with targets @ 1306 & 1291.
Alternative scenario: The upside penetration of 1332 will call for 1346 & 1358.
Comment: as long as 1332 is resistance, look for choppy price action with a bearish bias.
Our preference: SHORT positions below 1332 with targets @ 1306 & 1291.
Alternative scenario: The upside penetration of 1332 will call for 1346 & 1358.
Comment: as long as 1332 is resistance, look for choppy price action with a bearish bias.
GOLD (Spot) intraday: key ST resistance at 1332
Pivot: 1332.00
Our preference: SHORT positions below 1332 with 1306 & 1291 in sight.
Alternative scenario: The upside penetration of 1332 will call for a rebound towards 1346 & 1358.
Comment: as long as 1332 is resistance, look for choppy price action with a bearish bias.
Our preference: SHORT positions below 1332 with 1306 & 1291 in sight.
Alternative scenario: The upside penetration of 1332 will call for a rebound towards 1346 & 1358.
Comment: as long as 1332 is resistance, look for choppy price action with a bearish bias.
GOLD (Spot) intraday: the downside prevails.
Pivot: 1332.00
Our preference: SHORT positions below 1332 with 1306 & 1291 as next targets.
Alternative scenario: The upside penetration of 1332 will call for a rebound towards 1346 & 1358.
Comment: as long as 1332 is resistance, look for choppy price action with a bearish bias.
Our preference: SHORT positions below 1332 with 1306 & 1291 as next targets.
Alternative scenario: The upside penetration of 1332 will call for a rebound towards 1346 & 1358.
Comment: as long as 1332 is resistance, look for choppy price action with a bearish bias.
SILVER (Spot) intraday: the downside prevails.
Pivot: 21.95
Our preference: SHORT positions below 21.95 with 21.2 & 20.6 in sight.
Alternative scenario: The upside penetration of 21.95 will call for 22.45 & 23.
Comment: as long as 21.95 is resistance, look for choppy price action with a bearish bias.
Our preference: SHORT positions below 21.95 with 21.2 & 20.6 in sight.
Alternative scenario: The upside penetration of 21.95 will call for 22.45 & 23.
Comment: as long as 21.95 is resistance, look for choppy price action with a bearish bias.
Crude Oil (Nov 13) intraday: under pressure.
Pivot: 104.10
Our preference: SHORT positions below 104.1 with targets @ 102.3 & 100.85.
Alternative scenario: The upside breakout of 104.1 will open the way to 105 & 105.6.
Comment: as long as 104.1 is resistance, likely decline to 102.3.
Our preference: SHORT positions below 104.1 with targets @ 102.3 & 100.85.
Alternative scenario: The upside breakout of 104.1 will open the way to 105 & 105.6.
Comment: as long as 104.1 is resistance, likely decline to 102.3.
Tuesday, September 24, 2013
SILVER (Spot) intraday: the downside prevails.
Pivot: 21.95
Our preference: SHORT positions below 21.95 with 21.2 & 20.6 as next targets.
Alternative scenario: The upside breakout of 21.95 will open the way to 22.45 & 23.
Comment: as long as 21.95 is resistance, look for choppy price action with a bearish bias.
Our preference: SHORT positions below 21.95 with 21.2 & 20.6 as next targets.
Alternative scenario: The upside breakout of 21.95 will open the way to 22.45 & 23.
Comment: as long as 21.95 is resistance, look for choppy price action with a bearish bias.
GOLD (Spot) intraday: the downside prevails.
Pivot: 1332.00
Our preference: SHORT positions below 1332 with targets @ 1307 & 1291.
Alternative scenario: The upside penetration of 1332 will call for a rebound towards 1346 & 1358.
Comment: as long as 1332 is resistance, look for choppy price action with a bearish bias.
Our preference: SHORT positions below 1332 with targets @ 1307 & 1291.
Alternative scenario: The upside penetration of 1332 will call for a rebound towards 1346 & 1358.
Comment: as long as 1332 is resistance, look for choppy price action with a bearish bias.
Crude Oil (Nov 13) intraday: the downside prevails.
Pivot: 104.40
Our preference: SHORT positions below 104.4 with 103.1 & 101.9 as next targets.
Alternative scenario: The upside penetration of 104.4 will call for 105 & 105.6.
Comment: as long as the resistance at 104.4 is not surpassed, the risk of the break below 103.1 remains high.
Our preference: SHORT positions below 104.4 with 103.1 & 101.9 as next targets.
Alternative scenario: The upside penetration of 104.4 will call for 105 & 105.6.
Comment: as long as the resistance at 104.4 is not surpassed, the risk of the break below 103.1 remains high.
Thursday, September 19, 2013
Crude Oil (Nov 13) intraday: further upside.
Pivot: 106.60
Our preference: LONG positions above 106.6 with 108.2 & 108.75 in sight.
Alternative scenario: The downside penetration of 106.6 will call for 105.7 & 104.4.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Our preference: LONG positions above 106.6 with 108.2 & 108.75 in sight.
Alternative scenario: The downside penetration of 106.6 will call for 105.7 & 104.4.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Copper (LME) intraday: further advance.
Pivot: 7205.0
Our preference: LONG positions above 7205 with 7410 & 7500 in sight.
Alternative scenario: The downside penetration of 7205 will call for 7135 & 7025.
Comment: the immediate trend remains up and the momentum is strong.
Our preference: LONG positions above 7205 with 7410 & 7500 in sight.
Alternative scenario: The downside penetration of 7205 will call for 7135 & 7025.
Comment: the immediate trend remains up and the momentum is strong.
Gas Oil (Nov 13) intraday: the bias remains bullish.
Pivot: 923.00
Our preference: LONG positions above 923 with 942 & 949 as next targets.
Alternative scenario: The downside penetration of 923 will call for a slide towards 915 & 910.
Comment: the RSI is mixed with a bullish bias.
Our preference: LONG positions above 923 with 942 & 949 as next targets.
Alternative scenario: The downside penetration of 923 will call for a slide towards 915 & 910.
Comment: the RSI is mixed with a bullish bias.
Brent (Nov 13) intraday: the bias remains bullish.
Pivot: 108.75
Our preference: LONG positions above 108.75 with targets @ 111.9 & 112.7.
Alternative scenario: The downside penetration of 108.75 will call for 107.4 & 106.2.
Comment: the RSI is bullish and calls for further advance.
Our preference: LONG positions above 108.75 with targets @ 111.9 & 112.7.
Alternative scenario: The downside penetration of 108.75 will call for 107.4 & 106.2.
Comment: the RSI is bullish and calls for further advance.
Cotton (Dec 13) intraday: further advance.
Pivot: 84.50
Our preference: LONG positions above 84.5 with 86.55 & 87.75 in sight.
Alternative scenario: The downside penetration of 84.5 will call for a slide towards 83.6 & 82.95.
Comment: supported by a rising trend line.
Our preference: LONG positions above 84.5 with 86.55 & 87.75 in sight.
Alternative scenario: The downside penetration of 84.5 will call for a slide towards 83.6 & 82.95.
Comment: supported by a rising trend line.
SILVER (Spot) intraday: the bias remains bullish.
Pivot: 22.40
Our preference: LONG positions above 22.4 with 23.4 & 23.55 as next targets.
Alternative scenario: The downside penetration of 22.4 will call for 21.95 & 21.2.
Comment: the RSI is bullish and calls for further advance.
Our preference: LONG positions above 22.4 with 23.4 & 23.55 as next targets.
Alternative scenario: The downside penetration of 22.4 will call for 21.95 & 21.2.
Comment: the RSI is bullish and calls for further advance.
Crude Oil (Nov 13) intraday: the bias remains bullish.
Pivot: 106.60
Our preference: LONG positions above 106.6 with 108.2 & 108.75 as next targets.
Alternative scenario: The downside breakout of 106.6 will open the way to 105.7 & 104.4.
Comment: the immediate trend remains up and the momentum is strong.
Our preference: LONG positions above 106.6 with 108.2 & 108.75 as next targets.
Alternative scenario: The downside breakout of 106.6 will open the way to 105.7 & 104.4.
Comment: the immediate trend remains up and the momentum is strong.
GOLD (Spot) intraday: the bias remains bullish.
Pivot: 1338.00
Our preference: LONG positions above 1338 with 1374 & 1382 as next targets.
Alternative scenario: The downside penetration of 1338 will call for 1321 & 1308.
Comment: the immediate trend remains up and the momentum is strong.
Our preference: LONG positions above 1338 with 1374 & 1382 as next targets.
Alternative scenario: The downside penetration of 1338 will call for 1321 & 1308.
Comment: the immediate trend remains up and the momentum is strong.
Wednesday, September 18, 2013
Zinc (LME) intraday: the downside prevails.
Pivot: 1888.0
Our preference: SHORT positions below 1888 with 1847 & 1840 in sight.
Alternative scenario: The upside breakout of 1888 will open the way to 1907 & 1927.
Comment: capped by a negative trend line.
Our preference: SHORT positions below 1888 with 1847 & 1840 in sight.
Alternative scenario: The upside breakout of 1888 will open the way to 1907 & 1927.
Comment: capped by a negative trend line.
Lead (LME) intraday: the downside prevails.
Pivot: 2090.0
Our preference: SHORT positions below 2090 with targets @ 2026 & 2013.
Alternative scenario: The upside penetration of 2090 will call for a rebound towards 2125 & 2157.
Comment: the immediate trend remains down and the momentum is strong.
Our preference: SHORT positions below 2090 with targets @ 2026 & 2013.
Alternative scenario: The upside penetration of 2090 will call for a rebound towards 2125 & 2157.
Comment: the immediate trend remains down and the momentum is strong.
Nickel (LME) intraday: the bias remains bullish.
Pivot: 13600.
Our preference: LONG positions above 13600 with targets @ 14000 & 14120.
Alternative scenario: The downside breakout of 13600 will open the way to 13460 & 13230.
Comment: a support base at 13600 has formed and has allowed for a temporary stabilisation.
Our preference: LONG positions above 13600 with targets @ 14000 & 14120.
Alternative scenario: The downside breakout of 13600 will open the way to 13460 & 13230.
Comment: a support base at 13600 has formed and has allowed for a temporary stabilisation.
Copper (LME) intraday: rebound.
Pivot: 7025.0
Our preference: LONG positions above 7025 with 7130 & 7174 in sight.
Alternative scenario: The downside breakout of 7025 will open the way to 6975 & 6910.
Comment: the RSI is mixed with a bullish bias.
Our preference: LONG positions above 7025 with 7130 & 7174 in sight.
Alternative scenario: The downside breakout of 7025 will open the way to 6975 & 6910.
Comment: the RSI is mixed with a bullish bias.
Aluminium (LME) intraday: the downside prevails.
Pivot: 1793.0
Our preference: SHORT positions below 1793 with 1776 & 1768 as next targets.
Alternative scenario: The upside penetration of 1793 will call for a rebound towards 1801 & 1813.
Comment: as long as 1793 is resistance, look for choppy price action with a bearish bias.
Our preference: SHORT positions below 1793 with 1776 & 1768 as next targets.
Alternative scenario: The upside penetration of 1793 will call for a rebound towards 1801 & 1813.
Comment: as long as 1793 is resistance, look for choppy price action with a bearish bias.
Cotton (Dec 13) intraday: bullish bias above 84
Pivot: 84.00
Our preference: LONG positions above 84 with 85 & 85.5 as next targets.
Alternative scenario: The downside penetration of 84 will call for 83.6 & 82.95.
Comment: supported by a rising trend line.
Our preference: LONG positions above 84 with 85 & 85.5 as next targets.
Alternative scenario: The downside penetration of 84 will call for 83.6 & 82.95.
Comment: supported by a rising trend line.
Brent (Nov 13) intraday: the downside prevails.
Pivot: 108.75
Our preference: SHORT positions below 108.75 with targets @ 107.4 & 106.2.
Alternative scenario: The upside breakout of 108.75 will open the way to 109.2 & 110.25.
Comment: the RSI is below its neutrality area at 50%
Our preference: SHORT positions below 108.75 with targets @ 107.4 & 106.2.
Alternative scenario: The upside breakout of 108.75 will open the way to 109.2 & 110.25.
Comment: the RSI is below its neutrality area at 50%
SILVER (Spot) intraday: bounce.
Pivot: 21.30
Our preference: LONG positions above 21.3 with 21.7 & 21.95 as next targets.
Alternative scenario: The downside penetration of 21.3 will call for 20.85 & 20.6.
Comment: intraday support around 21.3
Our preference: LONG positions above 21.3 with 21.7 & 21.95 as next targets.
Alternative scenario: The downside penetration of 21.3 will call for 20.85 & 20.6.
Comment: intraday support around 21.3
Crude Oil (Nov 13) intraday: under pressure.
Pivot: 105.25
Our preference: SHORT positions below 105.25 with 104.4 & 103.75 as next targets.
Alternative scenario: The upside breakout of 105.25 will open the way to 105.95 & 106.7.
Comment: the RSI is below its neutrality area at 50%
Our preference: SHORT positions below 105.25 with 104.4 & 103.75 as next targets.
Alternative scenario: The upside breakout of 105.25 will open the way to 105.95 & 106.7.
Comment: the RSI is below its neutrality area at 50%
GOLD (Spot) intraday: key ST resistance at 1308
Pivot: 1308.00
Our preference: SHORT positions below 1308 with 1288 & 1279 as next targets.
Alternative scenario: The upside penetration of 1308 will call for 1318 & 1334.
Comment: the RSI is bearish and calls for further decline.
Our preference: SHORT positions below 1308 with 1288 & 1279 as next targets.
Alternative scenario: The upside penetration of 1308 will call for 1318 & 1334.
Comment: the RSI is bearish and calls for further decline.
Tuesday, September 17, 2013
Lead (LME) intraday: the downside prevails.
Pivot: 2096.0
Our preference: SHORT positions below 2096 with targets @ 2026 & 2013.
Alternative scenario: The upside breakout of 2096 will open the way to 2125 & 2157.
Comment: the immediate trend remains down and the momentum is strong.
Our preference: SHORT positions below 2096 with targets @ 2026 & 2013.
Alternative scenario: The upside breakout of 2096 will open the way to 2125 & 2157.
Comment: the immediate trend remains down and the momentum is strong.
Nickel (LME) intraday: the bias remains bullish.
Pivot: 13600.
Our preference: LONG positions above 13600 with 14000 & 14120 as next targets.
Alternative scenario: The downside penetration of 13600 will call for 13460 & 13230.
Comment: a support base at 13600 has formed and has allowed for a temporary stabilisation.
Our preference: LONG positions above 13600 with 14000 & 14120 as next targets.
Alternative scenario: The downside penetration of 13600 will call for 13460 & 13230.
Comment: a support base at 13600 has formed and has allowed for a temporary stabilisation.
Copper (LME) intraday: up turn.
Pivot: 7025.0
Our preference: LONG positions above 7025 with 7150 & 7174 in sight.
Alternative scenario: The downside penetration of 7025 will call for a slide towards 6975 & 6910.
Comment: the RSI lacks downward momentum.
Our preference: LONG positions above 7025 with 7150 & 7174 in sight.
Alternative scenario: The downside penetration of 7025 will call for a slide towards 6975 & 6910.
Comment: the RSI lacks downward momentum.
Aluminium (LME) intraday: the downside prevails.
Pivot: 1793.0
Our preference: SHORT positions below 1793 with targets @ 1773 & 1768.
Alternative scenario: The upside penetration of 1793 will call for 1801 & 1813.
Comment: the RSI is below its neutrality area at 50%
Our preference: SHORT positions below 1793 with targets @ 1773 & 1768.
Alternative scenario: The upside penetration of 1793 will call for 1801 & 1813.
Comment: the RSI is below its neutrality area at 50%
Cotton (Dec 13) intraday: further advance.
Pivot: 83.60
Our preference: LONG positions above 83.6 with 84.85 & 85.5 in sight.
Alternative scenario: The downside breakout of 83.6 will open the way to 82.95 & 82.1.
Comment: intraday support around 83.6
Our preference: LONG positions above 83.6 with 84.85 & 85.5 in sight.
Alternative scenario: The downside breakout of 83.6 will open the way to 82.95 & 82.1.
Comment: intraday support around 83.6
Brent (Nov 13) intraday: the downside prevails.
Pivot: 110.40
Our preference: SHORT positions below 110.4 with 108.75 & 108.25 in sight.
Alternative scenario: The upside penetration of 110.4 will call for a rebound towards 111.3 & 111.95.
Comment: the RSI is capped by a declining trend line.
Our preference: SHORT positions below 110.4 with 108.75 & 108.25 in sight.
Alternative scenario: The upside penetration of 110.4 will call for a rebound towards 111.3 & 111.95.
Comment: the RSI is capped by a declining trend line.
SILVER (Spot) intraday: up turn.
Pivot: 21.30
Our preference: LONG positions above 21.3 with 22.35 & 22.75 in sight.
Alternative scenario: The downside penetration of 21.3 will call for a slide towards 20.85 & 20.6.
Comment: a support base at 21.3 has formed and has allowed for a temporary stabilisation.
Our preference: LONG positions above 21.3 with 22.35 & 22.75 in sight.
Alternative scenario: The downside penetration of 21.3 will call for a slide towards 20.85 & 20.6.
Comment: a support base at 21.3 has formed and has allowed for a temporary stabilisation.
Subscribe to:
Posts (Atom)
USDCHF Technical Analysis - Sell at 0.9955
USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...
-
Our pivot point is at 6.526. Our preference: rebound towards 6.568. Alternative scenario: below 6.526,expect 6.514 and 6.507. Comment...
-
HONG KONG (MarketWatch) — Chinese economic data released Wednesday showed consumer inflation moderated slightly in April, though remaining a...
-
USDJPY gaped higher on Sunday and accelerated up to 99.60 area where pair found resistance around 261.8% extension of wave (iv). As suc...