Crude Oil Prices Trade Neutral Near 46.20 Level
Panayiotis Miltiadous | Sep 03, 2015 04:49AM ET
AUD/USD
Market Scenario 1: Long positions above 0.7022 with targets @ 0.7063 & 0.7089.
Market Scenario 2: Short positions below 0.7022 with targets @ 0.6996 & 0.6955.
Comment: The pair is still pushed downwards after the release of the weak Retail Sales data.
Supports and Resistances:
R3 0.7130
R2 0.7089
R1 0.7063
PP 0.7022
S1 0.6996
S2 0.6955
S3 0.6929
EUR/JPY
Market Scenario 1: Long positions above 135.20 with targets @ 135.69 & 136.27.
Market Scenario 2: Short positions below 135.20 with targets @ 134.62 & 134.13.
Comment: The pair has a slightly bearish behavior below pivot point 135.20.
Supports and Resistances:
R3 136.76
R2 136.27
R1 135.69
PP 135.20
S1 134.62
S2 134.13
S3 133.55
EUR/USD
Market Scenario 1: Long positions above 1.1254 with targets @ 1.1292 & 1.1357.
Market Scenario 2: Short positions below 1.1254 with targets @ 1.1189 & 1.1151.
Comment: The pair trades flat ahead of the opening bell in Euroland and the ECB gathering, with consensus still pointing to a dovish message from Draghi & Co.
Supports and Resistances:
R3 1.1395
R2 1.1357
R1 1.1292
PP 1.1254
S1 1.1189
S2 1.1151
S3 1.1086
GBP/JPY
Market Scenario 1: Long positions above 183.60 with targets @ 184.73 & 185.39.
Market Scenario 2: Short positions below 183.60 with targets @ 182.94 & 181.81.
Comment: The pair weakened and approaches support at pivot point 183.60.
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Supports and Resistances:
R3 186.52
R2 185.39
R1 184.73
PP 183.60
S1 182.94
S2 181.81
S3 181.15
GBP/USD
Market Scenario 1: Long positions above 1.5295 with targets @ 1.5327 & 1.5357.
Market Scenario 2: Short positions below 1.5295 with targets @ 1.5265 & 1.5233.
Comment: The pair dropped to lows and found support at 1.5265 level.
Supports and Resistances:
R3 1.5389
R2 1.5357
R1 1.5327
PP 1.5295
S1 1.5265
S2 1.5233
S3 1.5203
USD/JPY
Market Scenario 1: Long positions above 120.00 with targets @ 120.77 & 121.23.
Market Scenario 2: Short positions below 120.00 with targets @ 119.54 & 118.77.
Comment: The pair trims gains and retreats from 120.50 level.
Supports and Resistances:
R3 122.00
R2 121.23
R1 120.77
PP 120.00
S1 119.54
S2 118.77
S3 118.31
Gold
Market Scenario 1: Long positions above 1134.57 with targets @ 1138.54 & 1144.17.
Market Scenario 2: Short positions below 1134.57 with targets @ 1128.74 & 1124.97.
Comment: Gold prices trade in the sideways manner around 1132.00 level after having suffered losses in the previous session on the back of a rally in the US stocks.
Supports and Resistances:
R3 1147.94
R2 1144.17
R1 1138.54
PP 1134.57
S1 1128.74
S2 1124.97
S3 1119.14
Crude Oil
Market Scenario 1: Long positions above 45.41 with targets @ 47.61 & 48.97.
Market Scenario 2: Short positions below 45.41 with targets @ 44.05 & 41.85.
Comment: Crude oil prices trade neutral near 46.20 level.
Supports and Resistances:
R3 51.17
R2 48.79
R1 47.61
PP 45.41
S1 44.05
S2 41.85
S3 40.49
USD/RUB
Market Scenario 1: Long positions above 65.688 with targets @ 67.296 & 68.624.
Market Scenario 2: Short positions below 65.688 with targets @ 64.361 & 62.753.
Comment: The pair trades neutral slightly above pivot point 65.688.
Supports and Resistances:
R3 71.559
R2 68.624
R1 67.296
PP 65.688
S1 64.361
S2 62.753
S3 59.818
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