TECHNICAL ANALYSIS

 WELCOME TO SVFX  (Technical Signals for intraday)

Ø Gold: supported by a rising trend line with Pivot: 1108.8

Our preference: Long positions above 1108.8 with targets @ 1135 & 1145 in extension.

Alternative scenario: Below 1108.8 look for further downside with 1093.7 & 1083.5 as targets.

Comment: The RSI is around its neutrality area at 50%
Key Levels:
1150.5 
1145 
1135 
1121.32 Last
1108.8 
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 @ 15.65 & 15.8 in extension.

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

Comment: A support base at 15.15 has formed and has allowed for a temporary stabilisation.

Key Levels:15.9 
15.8 
15.65 
15.362 Last
15.15 
15 
14.75 

Ø Crude Oil‏ (WTI)‏ under pressure 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 44.4 & 45 as targets.

Comment: As long as 43.9 is resistance, likely decline to 42.8.
Key Levels:45 
44.4 
43.9 
43.26 Last
42.8 
42.5 
41.9 

Ø  EUR/USD the bias remains bullish with Pivot: 1.109

Our preference: Long positions above 1.109 with targets @ 1.1215 & 1.127 in extension.

Alternative scenario: Below 1.109 look for further downside with 1.103 & 1.098 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Key Levels:
1.131 **
1.127 **
1.1215 ***
1.1138 Last
1.109 **
1.103 ***
1.098 ***

GBP/USD the upside prevails with Pivot: 1.554

Our preference: Long positions above 1.554 with targets @ 1.5675 & 1.571 in extension.

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

Comment: Technically the RSI is above its neutrality area at 50.
Key Levels:1.575 ***
1.571 ***
1.5675 ***
1.5620 Last
1.554 ***
1.551 **
1.548 ***