Wednesday, September 11, 2013

Brent‏ (Oct 13) intraday: under pressure.

Pivot: 111.30

Our preference: SHORT positions below 111.3 with 109.4 & 108.4 in sight.

Alternative scenario: The upside penetration of 111.3 will call for a rebound towards 112.2 & 112.75.

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

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 ...