Gold                       9/8/2013
 

1 week Trend:   (=) 1 month Trend:  (=)
GOLD‏ (Spot) intraday: bullish bias above 1296
Pivot: 1296.00

Our preference: LONG positions above 1296 with targets @ 1320 & 1328.

Alternative scenario: The downside penetration of 1296 will call for a slide towards 1288 & 1273.

Comment: the RSI is above its neutrality area at 50%.

Trend: ST Ltd downside; MT Bearish

Key levels Comment

1339** Intraday resistance
1328** Intraday resistance
1320** Intraday resistance
1310.8 Last
1296*** Intraday pivot point
1288** Intraday support
1273** Intraday support

Natural Gas (NYMEX)       9/8/2013

1 week Trend:  (=) 1 month Trend:   (=)
Natural Gas‏ (Sep 13 – NYMEX) ST: the RSI is oversold
3.46 is our pivot point.

Our preference: the downside prevails as long as 3.46 is resistance.

Alternative scenario: above 3.46, look for 3.62 and 3.72.

Comment: the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. The price stands below its 20 and 50 day MA (respectively at 3.52 and 3.67).

Supports and resistances:
3.62 *
3.46 **
3.39
3.323 last
3.12
3.02 **
2.92 *

EUR/USD                    9/8/2013

1 week Trend:  (=)  1 month Trend:   (=)
EUR/USD intraday: the upside prevails.
Pivot: 1.3345.

Our preference: LONG positions above 1.3345 with targets @ 1.3415 & 1.345.

Alternative scenario: The downside breakout of 1.3345 will open the way to 1.331 & 1.329.

Comment: the pair is approaching our MT pivot point set at 1.3415, caution. The upside breakout of this level would trigger a bullish acceleration.

Trend: ST Ltd Downside; MT Range

Key levels Comment

1.349** Horizontal resistance
1.345** Horizontal resistance
1.3415*** Horizontal resistance
1.3383 Last
1.3345*** Intraday pivot point
1.331** Intraday support
1.329*** Intraday support

EUR/NZD                     9/8/2013

1 week Trend:  (=)  1 month Trend:   (=)
EUR/NZD intraday: under pressure.
Pivot: 1.687

Our preference: Short positions below 1.687 with targets @ 1.6625 & 1.655 in extension.

Alternative scenario: Above 1.687 look for further upside with 1.695 & 1.702 as targets.

Comment: the pair is rebounding but stands below its resistance.

Key levels
1.702
1.695
1.687
1.67451 last
1.6625
1.655
1.6475

Technical Analysis – Time MetaTrader4