Technical Analysist

CRUDE OIL (JAN 12) INTRADAY: THE BIAS REMAINS BULLISH.

2011-12-09 10:09:21

Pivot: 100.00 Most Likely Scenario: LONG positions above 100 with targets @ 101.5 & 102.4. Alternative scenario: The downside breakout of 100 will open the way to 98.9 & 98. Comment: A bullish flag pattern is taking place, watch 101.5.

GOLD (SPOT) INTRADAY: FURTHER ADVANCE.

2011-12-09 10:08:47

Pivot: 1732.00 Most Likely Scenario: LONG positions above 1732 with targets @ 1746 & 1754. Alternative scenario: The downside penetration of 1732 will call for a slide towards 1722 & 1700. Comment: The price has struck against its lower boundary channel.

AUD/USD INTRADAY: KEY ST RESISTANCE AT 1.03.

2011-12-09 10:07:56

Pivot: 1.03 Most Likely Scenario: Short positions below 1.03 with targets @ 1.02 & 1.015 in extension. Alternative scenario: Above 1.03 look for further upside with 1.034 & 1.04 as targets. Comment: The upward potential is likely to be limited by the resistance at 1.03.

USD/JPY INTRADAY: CAPPED BY A NEGATIVE TREND LINE.

2011-12-09 10:07:17

Pivot: 77.7 Most Likely Scenario: Short positions below 77.7 with targets @ 77.26 & 77 in extension. Alternative scenario: Above 77.7 look for further upside with 77.9 & 78.1 as targets. Comment: The RSI calls for a new downleg.

GBP/USD INTRADAY: CAUTION.

2011-12-09 10:06:38

Pivot: 1.574 Most Likely Scenario: Short positions below 1.574 with targets @ 1.5635 & 1.5590 in extension. Alternative scenario: Above 1.574 look for further upside with 1.5755 & 1.5780 as targets. Comment: The RSI is posting a bearish divergence (not confirmed yet).

EUR/USD INTRADAY: CAPPED BY A NEGATIVE TREND LINE.

2011-12-09 10:05:26

Pivot: 1.345 Most Likely Scenario: Short positions below 1.345 with targets @ 1.335 & 1.3305 in extension. Alternative scenario: Above 1.345 look for further upside with 1.3485 & 1.352 as targets. Comment: The RSI lacks upward momentum.

Crude Oil (Jan 12) intraday: the bias remains bullish.

2011-12-08 10:25:16

Pivot: 100.00 Most Likely Scenario: LONG positions above 100 with 102.4 & 103.25 as next targets. Alternative scenario: The downside penetration of 100 will call for a slide towards 98.9 & 98. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

GOLD (Spot) intraday: the bias remains bullish.

2011-12-08 10:23:27

Pivot: 1722.00 Most Likely Scenario: LONG positions above 1722 with 1743 & 1754 in sight. Alternative scenario: The downside penetration of 1722 will call for 1700 & 1680. Comment: The RSI is bullish and calls for further upside.

AUD/USD intraday: key ST resistance at 1.03.

2011-12-08 10:22:04

Pivot: 1.03 Most Likely Scenario: Short positions below 1.03 with targets @ 1.015 & 1.0075 in extension. Alternative scenario: Above 1.03 look for further upside with 1.034 & 1.04 as targets. Comment: The upward potential is likely to be limited by the resistance at 1.03.

USD/JPY intraday: capped by a negative trend line.

2011-12-08 10:08:39

Pivot: 78.05 Most Likely Scenario: Short positions below 78.05 with targets @ 77.53 & 77.26 in extension. Alternative scenario: Above 78.05 look for further upside with 78.3 & 78.5 as targets. Comment: The RSI lacks upward momentum.

GBP/USD intraday: under pressure.

2011-12-08 10:06:44

Pivot: 1.5665 Most Likely Scenario: Short positions below 1.5665 with targets @ 1.5525 & 1.5490 in extension. Alternative scenario: Above 1.5665 look for further upside with 1.5705 & 1.5745 as targets. Comment: The pair validated a symmetrical triangle pattern calling for a drop.

EUR/USD intraday: the downside prevails.

2011-12-08 10:03:03

Pivot: 1.345 Most Likely Scenario: Short positions below 1.345 with targets @ 1.3357 & 1.3305 in extension. Alternative scenario: Above 1.345 look for further upside with 1.3485 & 1.352 as targets. Comment: The RSI has struck against a major resistance around 70% and is reversing down.

GOLD (Spot) intraday: rebound.

2011-12-07 11:54:55

Pivot: 1708.00 Most Likely Scenario: LONG positions above 1708 with 1725 & 1734 as next targets. Alternative scenario: The downside penetration of 1708 will call for 1700 & 1680. Comment: The RSI broke above a bearish trend line.

GBP/USD intraday: key ST resistance at 1.5705.

2011-12-07 11:48:36

Pivot: 1.5705 Most Likely Scenario: Short positions below 1.5705 with targets @ 1.559 & 1.5525 in extension. Alternative scenario: Above 1.5705 look for further upside with 1.5745 & 1.5775 as targets. Comment: The pair is posting a symmetrical triangle pattern.

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