EUR/USD GBP/USD USD/CHF USD/CAD CRUDE OIL GOLD DOWJONES S&P 500
Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out.

EUR/USD intraday: the downside prevails.

Pivot: 1.3085

Our preference: Short positions below 1.3085 with targets @ 1.3015 & 1.2985 in extension.

Alternative scenario: Above 1.3085 look for further upside with 1.3115 & 1.3165 as targets.

Comment: the pair is posting a rebound but stands below its new resistance, the RSI lacks upward momentum.

GBP/USD intraday: under pressure.

Pivot: 1.5275

Our preference: Short positions below 1.5275 with targets @ 1.521 & 1.518 in extension.

Alternative scenario: Above 1.5275 look for further upside with 1.53 & 1.5335 as targets.

Comment: the pair is rebounding and is challenging its new resistance (former support).

USD/CHF intraday: the upside prevails.

Pivot: 0.9275

Our preference: Long positions above 0.9275 with targets @ 0.934 & 0.9365 in extension.

Alternative scenario: Below 0.9275 look for further downside with 0.924 & 0.9205 as targets.

Comment: the pair is on the upside and is challenging its resistance, the RSI stands around its neutrality area and is reversing up.

USD/CAD intraday: under pressure.

Pivot: 1.0265

Our preference: Short positions below 1.0265 with targets @ 1.02 & 1.0185 in extension.

Alternative scenario: Above 1.0265 look for further upside with 1.029 & 1.0315 as targets.

Comment: the pair is breaking below its support and should face further weakness.

Crude Oil (May 13) intraday: turning down.

Pivot: 89.00

Our preference: SHORT positions @ 88.53 with 86.8 & 85.6 in sight.

Alternative scenario: The upside breakout of 89 will open the way to 90.2 & 91.25.

Comment: the upward potential is likely to be limited by the resistance at 89.

GOLD (Spot) intraday: the downside prevails.

Pivot: 1403.00

Our preference: SHORT positions below 1403 with targets @ 1363 & 1335.

Alternative scenario: The upside penetration of 1403 will call for a rebound towards 1444 & 1473.3.

Comment: as long as 1403 is resistance, look for choppy price action with a bearish bias.

Dow Jones (Jun 13) intraday: key ST resistance at 14645

Pivot: 14645

Our preference: SHORT positions below 14645 with targets @ 14470 & 14430.

Alternative scenario: The upside penetration of 14645 will call for 14700 & 14770.

Comment: as long as 14645 is resistance, look for choppy price action with a bearish bias.

S&P 500 (Jun 13) intraday: capped by a negative trend line.

Pivot: 1562

Our preference: SHORT positions below 1562 with targets @ 1533 & 1528.

Alternative scenario: The upside penetration of 1562 will call for 1570 & 1579.

Comment: as long as 1562 is resistance, look for choppy price action with a bearish bias.

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