Daily Pivot Points

EUR/USD Intraday: the bias remains bullish.
Pivot: 1.1715
Our preference: long positions above 1.1715 with targets at 1.1765 & 1.1785 in extension.
Alternative scenario: below 1.1715 look for further downside with 1.1700 & 1.1670 as targets.
Comment: the RSI is mixed to bullish.

GBP/USD Intraday: the bias remains bullish.
Pivot: 1.3095
Our preference: long positions above 1.3095 with targets at 1.3180 & 1.3215 in extension.
Alternative scenario: below 1.3095 look for further downside with 1.3050 & 1.3000 as targets.
Comment: the RSI shows upside momentum.

AUD/USD Intraday: the upside prevails.
Pivot: 0.7400
Our preference: long positions above 0.7400 with targets at 0.7440 & 0.7455 in extension.
Alternative scenario: below 0.7400 look for further downside with 0.7375 & 0.7350 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Gold spot Intraday: further upside.
Pivot: 1226.0000
Our preference: long positions above 1226.00 with targets at 1238.00 & 1241.00 in extension.
Alternative scenario: below 1226.00 look for further downside with 1221.00 & 1215.50 as targets.
Comment: the RSI is mixed to bullish.

Silver spot Intraday: the upside prevails.
Pivot: 15.3700
Our preference: long positions above 15.3700 with targets at 15.6200 & 15.7200 in extension.
Alternative scenario: below 15.3700 look for further downside with 15.3000 & 15.2200 as targets.
Comment: the RSI is mixed to bullish.

Crude Oil (WTI) (U18) Intraday: the bias remains bullish.
Pivot: 67.7000
Our preference: long positions above 67.70 with targets at 68.90 & 69.15 in extension.
Alternative scenario: below 67.70 look for further downside with 67.20 & 66.60 as targets.
Comment: a support base at 67.70 has formed and has allowed for a temporary stabilisation.

Source: HYCM Broker 

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