TECHNICAL ANALYSIS

WELCOME TO SVFX  (Technical Signals for intraday)

Ø Gold: supported by a rising trend line with Pivot: 1103

Our preference: Long positions above 1103 with targets @ 1126.5 & 1135 in extension.

Alternative scenario: Below 1103 look for further downside with 1093.7 & 1083.5 as targets.

Comment: The RSI is well directed.
Key Levels:
1145 
1135 
1126.5 
1117.9 Last
1103 
1093.7 
1083.5 

Ø  Silver: supported by a rising trend line Pivot point 15.15

Our preference: Long positions above 15.15 with targets @ 15.55 & 15.65 in extension.

Alternative scenario: Below 15.15 look for further downside with 15 & 14.75 as targets.

Comment: The RSI is bullish and calls for further upside.

Key Levels:15.8 
15.65 
15.55 
15.36 Last
15.15 
15 
14.75 

Ø Crude Oil‏ (WTI)‏ the downside prevails with Pivot Point 43.9

Our preference: Short positions below 43.9 with targets @ 42.8 & 42.5 in extension.

Alternative scenario: Above 43.9 look for further upside with 45 & 45.35 as targets.

Comment: As long as 43.9 is resistance, likely decline to 42.8.
Key Levels:45.35 
45 
43.9 
43.66 Last
42.8 
42.5 
41.9 

Ø  EUR/USD the bias remains bullish with Pivot: 1.105

Our preference: Long positions above 1.105 with targets @ 1.1155 & 1.12 in extension.

Alternative scenario: Below 1.105 look for further downside with 1.101 & 1.0955 as targets.

Comment: The RSI is bullish and calls for further upside.

Key Levels:
1.124 **
1.12 ***
1.1155 ***
1.1146 Last
1.105 **
1.101 ***
1.0955 ***

GBP/USD rebound with Pivot: 1.554

Our preference: Long positions above 1.554 with targets @ 1.5615 & 1.5635 in extension.

Alternative scenario: Below 1.554 look for further downside with 1.551 & 1.548 as targets.

Comment: The RSI is well directed.
Key Levels:1.565 **
1.5635 ***
1.5615 ***
1.5593 Last
1.554 ***
1.551 **
1.548 ***