Pivot: 1.325

Our preference: Long positions above 1.325 with targets @ 1.33 & 1.337 in extension.

Alternative scenario: Below 1.325 look for further downside with 1.321 & 1.3175 as targets.

Comment: the upside breakout of 1.3255 maintains a bullish bias while the pair is trading in a Broadening Formation.

Pivot: 1.535

Our preference: Long positions above 1.535 with targets @ 1.543 & 1.5485 in extension.

Alternative scenario: Below 1.535 look for further downside with 1.5295 & 1.526 as targets.

Comment: the pair validated a Broadening Formation calling for further upside

Pivot: 0.9305

Our preference: Short positions below 0.9305 with targets @ 0.9265 & 0.924 in extension.

Alternative scenario: Above 0.9305 look for further upside with 0.934 & 0.94 as targets.

Comment: the pair has struck against its resistance and remains under pressure.

Pivot: 1.0325

Our preference: Short positions below 1.0325 with targets @ 1.025 & 1.0215 in extension.

Alternative scenario: Above 1.0325 look for further upside with 1.0355 & 1.0395 as targets.

Comment: as long as 1.0325 is resistance, look for choppy price action with a bearish bias.

Pivot: 105.90

Our preference: SHORT positions below 105.9 with 103.2 & 102 as next targets.

Alternative scenario: The upside penetration of 105.9 will call for 106.85 & 107.5.

Comment: Crude Oil prices remain within a descending channel.

Pivot: 1340.00

Our preference: SHORT positions below 1340 with targets @ 1322 & 1309.

Alternative scenario: The upside breakout of 1340 will open the way to 1348 & 1357.

Comment: as long as 1340 is resistance, look for choppy price action with a bearish bias.

Pivot: 15340

Our preference: LONG positions above 15340 with 15520 & 15565 as next targets.

Alternative scenario: The downside penetration of 15340 will call for 15260 & 15195.

Comment: the RSI lacks downward momentum.

Pivot: 1671

Our preference: LONG positions above 1671 with 1695 & 1701 as next targets.

Alternative scenario: The downside breakout of 1671 will open the way to 1666 & 1661.

Comment: the RSI lacks downward momentum.