USD Trading Outlook Archive

Crude Oil‏ (WTI)‏ (N6) Intraday: bullish bias above 48.70 Pivot: 48.70 Our preference: long positions above 48.70 with targets @ 50.23 & 50.60 in extension. Alternative scenario: below 48.70 look for further downside with 48.20 & 47.65 as targets. Comment: the RSI is mixed to… Read more

Crude Oil‏ (WTI)‏ (M6) Intraday: turning up Pivot: 45.58 Our preference: long positions above 45.58 with targets @ 47.04 & 47.70 in extension. Alternative scenario: below 45.58 look for further downside with 44.92 & 44.05 as targets. Comment: the RSI is mixed to bullish. Supports… Read more

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… Read more

Soybeans‏ (CME)‏ (N6) Intraday: up turn Pivot: 1047.00 Our preference: long positions above 1047.00 with targets @ 1100.00 & 1118.00 in extension. Alternative scenario: below 1047.00 look for further downside with 1027.75 & 1011.00 as targets. Comment: the immediate trend remains up and the momentum… Read more

Crude Oil‏ (WTI)‏ (M6) Intraday: under pressure Pivot: 43.77 Our preference: short positions below 43.77 with targets @ 43.14 & 42.50 in extension. Alternative scenario: above 43.77 look for further upside with 44.33 & 44.88 as targets. Comment: the RSI is bearish and calls for… Read more

Dollar Index‏ (ICE) Intraday: the upside prevails Pivot: 93.5000 Our preference: long positions above 93.5000 with targets @ 94.1000 & 94.3000 in extension. Alternative scenario: below 93.5000 look for further downside with 93.1500 & 92.9000 as targets. Comment: the RSI calls for a new upleg…. Read more

Trade Crude Oil‏ (WTI)‏ (K6) Intraday: caution Pivot: 43.00 Our preference: short positions below 43.00 with targets @ 41.52 & 40.60 in extension. Alternative scenario: above 43.00 look for further upside with 44.05 & 44.70 as targets. Comment: investors have to remain cautious since these… Read more

  OIL Pivot: 35.6 Our preference: short positions below 35.6 with targets @ 33.95 & 33.5 in extension. Alternative scenario: above 35.6 look for further upside with 36.4 & 36.9 as targets. Comment: the RSI is bearish and calls for further downside. Trade Now  

  OIL Pivot: 38.6 Our preference: short positions below 38.6 with targets @ 36.6 & 35.9 in extension. Alternative scenario: above 38.6 look for further upside with 39.2 & 39.8 as targets. Comment: as long as 38.6 is resistance, likely decline to 36.6. Trade Now… Read more

  USD/CHF Pivot: 0.995 Likely scenario: short positions below 0.995 with targets @ 0.987 & 0.983 in extension. Alternative scenario: above 0.995 look for further upside with 0.9985 & 1.0035 as targets. Comment: the RSI is badly directed.