USD Trading Outlook (12-05-2016)

Crude Oil‏ (WTI)‏ (M6) Intraday: further advance

Pivot: 44.92

Our preference: long positions above 44.92 with targets @ 46.65 & 47.39 in extension.

Alternative scenario: below 44.92 look for further downside with 44.05 & 43.54 as targets.

Comment: the RSI is mixed to bullish.

Supports and resistances:
48.15
47.39
46.65
45.93 Last
44.92
44.05
43.54

USD/CAD Intraday: target 1.2825

Pivot: 1.2905

Our preference: short positions below 1.2905 with targets @ 1.2825 & 1.2780 in extension.

Alternative scenario: above 1.2905 look for further upside with 1.2945 & 1.2980 as targets.

Comment: the RSI lacks upward momentum.

Supports and resistances:
1.2980
1.2945
1.2905
1.2853 Last
1.2825
1.2780
1.2735