TECHNICAL ANALYSIS

 WELCOME TO SVFX  (Technical Signals for intraday)

Ø Gold: bullish bias with Pivot: 1112

Our preference: Long positions above 1112 with targets @ 1127 & 1135 in extension.

Alternative scenario: Below 1112 look for further downside with 1102 & 1093.7 as targets.

Comment: A support base at 1112 has formed and has allowed for a temporary stabilisation.
Key Levels:
1145 
1135 
1127 
1118.11 Last
1112 
1102 
1093.7 

Ø  Silver: bullish bias Pivot point 15.15

Our preference: Long positions above 15.15 with targets @ 15.5 & 15.62 in extension.

Alternative scenario: Below 15.15 look for further downside with 15 & 14.85 as targets.

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

Key Levels:15.75 
15.62 
15.5 
15.283 Last
15.15 
15 
14.85 

Ø Crude Oil‏ (WTI)‏ key resistance Pivot Point 43

Our preference: Short positions below 43 with targets @ 41.33 & 40.9 in extension.

Alternative scenario: Above 43 look for further upside with 43.85 & 44.4 as targets.

Comment: As long as 43 is resistance, likely decline to 41.33.
Key Levels:44.4 
43.85 
43 
41.79 Last
41.33 
40.9 
40.4 

Ø  EUR/USD the downside prevails with Pivot: 1.1125

Our preference: Short positions below 1.1125 with targets @ 1.103 & 1.098 in extension.

Alternative scenario: Above 1.1125 look for further upside with 1.1165 & 1.119 as targets.

Comment: The RSI is badly directed.

Key Levels:
1.119 ***
1.1165 ***
1.1125 ***
1.1054 Last
1.103 **
1.098 ***
1.094 ***

GBP/USD the downside prevails with Pivot: 1.5645

Our preference: Short positions below 1.5645 with targets @ 1.554 & 1.55 in extension.

Alternative scenario: Above 1.5645 look for further upside with 1.569 & 1.5735 as targets.

Comment: The RSI is mixed to bearish.
Key Levels:1.5735 **
1.569 **
1.5645 **
1.5580 Last
1.554 ***
1.55 ***
1.5475 ***

Ø  USD/JPY key resistance with Pivot: 124.6

Our preference: Short positions below 124.6 with targets @ 124.2 & 124 in extension.

Alternative scenario: Above 124.6 look for further upside with 125 & 125.3 as targets.

Comment: As long as the resistance at 124.6 is not surpassed, the risk of the break below 124.2 remains high. 

Key Levels:125.3 ***
125 ***
124.6 ***
124.5200 Last
124.2 ***
124 **
123.75 ***