USD Trading Outlook (21-04-2016)
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 levels may trigger profit taking.
Supports and resistances:
44.70
44.05
43.00
42.63 Last
41.52
40.60
39.80
Trade Dollar Index ST: the downside prevails
Pivot: 98.8500
Our preference: short positions below 98.8500 with targets @ 92.6000 & 91.5000 in extension.
Alternative scenario: above 98.8500 look for further upside with 100.4000 & 102.0000 as targets.
Comment: the RSI is badly directed.
Supports and resistances:
102.0000 **
100.4000 ***
98.8500 **
94.0470 Last
92.6000 ***
91.5000 ***
90.2000 **
