CRUDE OIL faces risk of further corrective upside pressure after bouncing off its key support at 50.50 the past week. Support lies at the 53.50 level where a break will expose the 53.00 level. A cut through here will set the stage for a run at the 52.50 level...
Pivot (invalidation): 52.05 Our preference Long positions above 52.05 with targets at 53.35 & 53.75 in extension. Alternative scenario...
Pivot (invalidation): 17.4000 Our preference Long positions above 17.4000 with targets at 17.6900 & 17.7900 in extension. Alternative scenario...
Pivot (invalidation): 1498.00 Our preference Long positions above 1498.00 with targets at 1512.50 & 1519.50 in extension. Alternative scenario...
Pivot (invalidation): 2925.00 Our preference Long positions above 2925.00 with targets at 2963.50 & 2990.00 in extension. Alternative scenario...
Pivot (invalidation): 11920.00 Our preference Long positions above 11920.00 with targets at 12060.00 & 12150.00 in extension. Alternative scenario...
Pivot (invalidation): 5.6950 Our preference Long positions above 5.6950 with targets at 5.7300 & 5.7430 in extension. Alternative scenario...
Pivot (invalidation): 0.6765 Our preference Short positions below 0.6765 with targets at 0.6735 & 0.6720 in extension. Alternative scenario...
Pivot (invalidation): 1.3300 Our preference Long positions above 1.3300 with targets at 1.3330 & 1.3345 in extension. Alternative scenario...
Pivot (invalidation): 1.2310 Our preference Long positions above 1.2310 with targets at 1.2345 & 1.2355 in extension. Alternative scenario...
Pivot (invalidation): 107.00 Our preference Short positions below 107.00 with targets at 106.60 & 106.45 in extension. Alternative scenario...
Pivot (invalidation): 0.9935 Our preference Long positions above 0.9935 with targets at 0.9960 & 0.9975 in extension. Alternative scenario...
Pivot (invalidation): 1.0970 Our preference Long positions above 1.0970 with targets at 1.1000 & 1.1020 in extension. Alternative scenario...
GOLD eyes further recovery pressure as it closed higher the past week. On the downside, support sits at the 1,500.00 level where a break will turn focus to the 1,490.00 level. Further down, a cut through here will open the door for a move decline towards the 1,480.00 level...
EURUSD with a halt in price occurring on Friday, more strength is expected in the new week. Support comes in at the 1.0950 where a break will turn risk to the 1.0900 level. A breach below here will target the 1.0850 level. Further down, support stands at the 1.0800...
First, a review of last week’s events: - EUR/USD. Most experts (55%) expected a correction of the pair up to the zone of 1.1000. This scenario was also supported by 15% of the oscillators on D1 and W1, giving clear signals about the pair being oversold...
Pivot (invalidation): 52.90 Our preference Short positions below 52.90 with targets at 51.85 & 51.40 in extension. Alternative scenario...
Pivot (invalidation): 17.5100 Our preference Long positions above 17.5100 with targets at 17.7100 & 17.7900 in extension. Alternative scenario...
Pivot (invalidation): 1503.00 Our preference Long positions above 1503.00 with targets at 1514.00 & 1519.50 in extension. Alternative scenario...
