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Noor Capital P.S.C.
licensed & regulated by the
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Noor Capital Daily Technical Strategies
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Tuesday, June 21, 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 @ 1.1355
& 1.1385 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: rebound.
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Pivot: 103.70
Our preference: long positions above 103.70 with targets @ 104.85
& 105.60 in extension.
Alternative scenario: below 103.70 look for further downside with
103.20 & 102.45 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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GBP/USD Intraday: further advance.
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Pivot: 1.4555
Our preference: long positions above 1.4555 with targets @ 1.4780
& 1.4850 in extension.
Alternative scenario: below 1.4555 look for further downside with
1.4430 & 1.4350 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: key resistance at 1297.00.
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Pivot: 1297.00
Our preference: short positions below 1297.00 with targets @
1277.60 & 1272.00 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: rebound expected.
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Pivot: 48.60
Our preference: long positions above 48.60 with targets @ 49.70
& 50.20 in extension.
Alternative scenario: below 48.60 look for further downside with
47.77 & 47.30 as targets.
Comment: a support base at 48.60 has formed and has allowed for a
temporary stabilisation.
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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: the upside prevails.
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Pivot: 17550.00
Our preference: long positions above 17550.00 with targets @
17905.00 & 18000.00 in extension.
Alternative scenario: below 17550.00 look for further downside
with 17375.00 & 17315.00 as targets.
Comment: the RSI calls for a new upleg. An inverted
head-and-shoulders is confirmed.
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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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