Noor Capital P.S.C.
licensed & regulated by the
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Noor Capital Daily Technical Strategies
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Monday, June 20, 2016
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EUR/USD Intraday: the upside prevails.
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Pivot: 1.1300
Our preference: long positions above 1.1300 with targets @ 1.1390
& 1.1415 in extension.
Alternative scenario: below 1.1300 look for further downside with
1.1265 & 1.1215 as targets.
Comment: the RSI shows upside momentum.
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Green Lines
Represent Resistances
| Red Lines Represent
Support Levels | Light Blue is a Pivot Point | Black represents the price when the report
was produced
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USD/JPY Intraday: the downside prevails.
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Pivot: 105.00
Our preference: short positions below 105.00 with targets @ 103.70
& 103.20 in extension.
Alternative scenario: above 105.00 look for further upside with
105.60 & 106.00 as targets.
Comment: the upward potential is likely to be limited by the
resistance at 105.00.
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Green Lines
Represent Resistances
| Red Lines Represent
Support Levels | Light Blue is a Pivot Point | Black represents the price when the report
was produced
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GBP/USD Intraday: further advance.
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Pivot: 1.4430
Our preference: long positions above 1.4430 with targets @ 1.4650
& 1.4700 in extension.
Alternative scenario: below 1.4430 look for further downside with
1.4350 & 1.4300 as targets.
Comment: the RSI shows upside momentum.
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Green Lines
Represent Resistances
| Red Lines Represent
Support Levels | Light Blue is a Pivot Point | Black represents the price when the report
was produced
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Gold spot Intraday: the downside prevails.
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Pivot: 1297.00
Our preference: short positions below 1297.00 with targets @
1272.00 & 1264.50 in extension.
Alternative scenario: above 1297.00 look for further upside with
1308.00 & 1315.00 as targets.
Comment: technically the RSI is below its neutrality area at 50.
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Green Lines
Represent Resistances
| Red Lines Represent
Support Levels | Light Blue is a Pivot Point | Black represents the price when the report
was produced
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Crude Oil (WTI) (N6) Intraday: further upside.
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Pivot: 47.75
Our preference: long positions above 47.75 with targets @ 49.30
& 50.20 in extension.
Alternative scenario: below 47.75 look for further downside with
47.30 & 46.80 as targets.
Comment: the RSI advocates for further advance.
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Green Lines
Represent Resistances
| Red Lines Represent
Support Levels | Light Blue is a Pivot Point | Black represents the price when the report
was produced
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Dow Jones (CME) (U6) Intraday: further upside.
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Pivot: 17550.00
Our preference: long positions above 17550.00 with targets @
17800.00 & 17850.00 in extension.
Alternative scenario: below 17550.00 look for further downside
with 17465.00 & 17370.00 as targets.
Comment: the RSI calls for a rebound.
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Green Lines
Represent Resistances
| Red Lines Represent
Support Levels | Light Blue is a Pivot Point | Black represents the price when the report
was produced
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Copyright - TRADING CENTRAL
Noor Capital نور كابيتال
www.noorcap.ae
Dubai - UAE
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