With EMA(50) condition crossing above EMA(200) Golden Cross, the bias for #SPX today remains bullish, with potential to test the nearest resistance level.

Key Levels

1. Resistance. 2 : 6921.26

2. Resistance. 1 : 6848.31

3. Pivot : 6733.66

4. Support. 1 : 6660.71

5. Support. 2 : 6546.06

Tactical Scenario

Positive Reaction Zone: If the price holds at 6733.66, there is a high probability of a move up toward 6848.31.

Momentum Extension Bias: If 6,848.31 is broken out, there is potential to test 6921.26.

Invalidation Level / Bias Revision

The upside bias weakens if #SPX falls and breaks below 6546.06.

Technical Summary

EMA(50) : 6755.32

EMA(200): 6655.25

RSI(14) : 47.84

Economic News Release Agenda:

From the United States, the following economic data will be released:

US - Core PCE Price Index m/m - 19:30 WIB

US - Final GDP q/q - 19:30 WIB

US - Final GDP Price Index q/q - 19:30 WIB

US - Unemployment Claims - 19:30 WIB

US - Personal Income m/m - 19:30 WIB

US - Personal Spending m/m - 19:30 WIB

US - Final Wholesale Inventories m/m - 21:00 WIb

US - Natural Gas Storage - 21:30 WIB

US - 30-y Bond Auction - 00:01 WIB

#USDX still dominates by sellers, as it is confirmed by a Death Cross between the two EMAs, so there is potential in the near term to test the nearest support level.

Key Levels

1. Resistance. 2 : 100.14

2. Resistance. 1 : 99.57

3. Pivot : 99.04

4. Support. 1 : 98.47

5. Support. 2 : 97.94

Tactical Scenario

Pressure Zone: If the price breaks down below 98.47, there is potential pressure toward 97.94.

Momentum Extension Bias: If 97.94 is also broken, #USDX may test 97.37.

Invalidation Level / Bias Revision

The downside bias is restrained if #USDX strengthens and breaks out above 100.14.

Technical Summary

EMA(50) : 99.04

EMA(200): 99.51

RSI(14) : 53.86

Economic News Release Agenda:

From the United States, the following economic data will be released:

US - Core PCE Price Index m/m - 19:30 WIB

US - Final GDP q/q - 19:30 WIB

US - Final GDP Price Index q/q - 19:30 WIB

US - Unemployment Claims - 19:30 WIB

US - Personal Income m/m - 19:30 WIB

US - Personal Spending m/m - 19:30 WIB

US - Final Wholesale Inventories m/m - 21:00 WIb

US - Natural Gas Storage - 21:30 WIB

US - 30-y Bond Auction - 00:01 WIB

Based on the appearance of a Bearish Divergence between the RSI and the Silver price movement, there is potential for a weakening towards the nearest support level in the near future.

Key Levels

1. Resistance. 2 : 75.437

2. Resistance. 1 : 74.188

3. Pivot : 71.987

4. Support. 1 : 70.738

5. Support. 2 : 68.537

Tactical Scenario

Pressure Prone Zone: If the price breaks below 75.437, there is potential for silver to be under pressure towards 74.188.

Momentum Extension Bias: If 74.188 is also successfully broken, there is an opportunity for silver to reach 71.987.

Invalidation Level / Bias Revision

Downside bias is maintained if the silver price breaks above 77.638.

Technical Summary

EMA(50) : 73.943

EMA(200): 72.878

RSI(14) : 71.75

Economic News Release Agenda:

The following economic data will be released from the United States:

US - Crude Oil Inventories - 21:30 WIB

US - 10-y Bond Auction - 00:01 WIB

US - FOMC Meeting Minutes - 01:00 WIB

With the appearance of a Bearish Divergence between RSI with price movement, then there is potential for gold to weaken again and fall towards its nearest support level

Key Levels

1. Resistance. 2 : 4787.01

2. Resistance. 1 : 4744.36

3. Pivot : 4675.72

4. Support. 1 : 4633.07

5. Support. 2 : 4564.43

Tactical Scenario

Pressure Zone: If the price breaks below 4787.01, there is potential pressure on Gold towards 4744.36.

Momentum Extension Bias: If 4744.36 is successfully broken below, Gold has the potential to move towards 4675.72.

Invalidation Level / Bias Revision

Downside bias is maintained if the Gold price strengthens and breaks above 4855.65.

Technical Summary

EMA(50) : 4724.47

EMA(200): 4667.76

RSI(14) : 54.73

Economic News Release Agenda:

The following economic data will be released from the United States:

US - Crude Oil Inventories - 21:30 WIB

US - 10-y Bond Auction - 00:01 WIB

US - FOMC Meeting Minutes - 01:00 WIB

With a Death Cross condition between EMA(50) with EMA(200), supported by RSI(14) indicator in the Neutral-Bearish level, then there is a potential for continuing weakness in Natural Gas toward its nearest support level.

Key Levels

1. Resistance. 2 : 2.911

2. Resistance. 1 : 2.856

3. Pivot : 2.812

4. Support. 1 : 2.757

5. Support. 2 : 2.713

Tactical Scenario

Pressure Zone: If the price breaks down below 2.757, there is potential to test 2.713.

Momentum Extension Bias: If 2.713 is also broken, the probability of further weakness to 2.658 is quite high.

Invalidation Level / Bias Revision

The downside bias is restrained if Natural Gas strengthens and breaks above 2.911.

Technical Summary

EMA(50) : 2.812

EMA(200): 2.850

RSI(14) : 38.61

Economic News Release Agenda:

Today the United States will release the following economic data:

US - ADP Weekly Employment Change - 19:15 WIB

US - Core Durable Goods Orders m/m - 19:30 WIB

US - Durable Goods Orders m/m - 19:30 WIB

US - RCM/TIPP Economic Optimism - tentative

US - Consumer Credit m/m - 02:00 WIB

US - API Weekly Statistical Bulletin - 03:30 WIB

With both EMAs condition forming a Golden Cross intersection and supported by RSI(14) indicator which is in the Neutral-Bullish level, then there is potential in the near term for #CL to test its nearest resistance level.

Key Levels

1. Resistance. 2 : 118.77

2. Resistance. 1 : 115.67

3. Pivot : 112.30

4. Support. 1 : 109.20

5. Support. 2 : 105.83

Tactical Scenario

Positive Reaction Zone: If the price holds and does not break below 112.30, there is a likelihood of an advance toward 115.67.

Momentum Extension Bias: If 115.67 is broken, Crude Oil could continue higher to test 118.77.

Invalidation Level / Bias Revision

The upside bias weakens if #CL falls and closes below 105.83.

Technical Summary

EMA(50) : 112.03

EMA(200): 106.71

RSI(14) : 66.10

Economic News Release Agenda:

Today the United States will release the following economic data:

US - ADP Weekly Employment Change - 19:15 WIB

US - Core Durable Goods Orders m/m - 19:30 WIB

US - Durable Goods Orders m/m - 19:30 WIB

US - RCM/TIPP Economic Optimism - tentative

US - Consumer Credit m/m - 02:00 WIB

US - API Weekly Statistical Bulletin - 03:30 WIB

With both EMAs in a Golden Cross intersection and RSI(14) in the Neutral-Bullish level, then XPD/USD has the potential today to strengthen toward its nearest resistance level.

Key Levels

1. Resistance. 2 : 1558.44

2. Resistance. 1 : 1526.35

3. Pivot : 1466.85

4. Support. 1 : 1434.76

5. Support. 2 : 1375.26

Tactical Scenario

Positive Reaction Zone: If the price holds above 1466.85, the move will likely advance toward 1526.35.

Momentum Extension Bias: If 1526.35 is broken out, 1558.44 may be tested next.

Invalidation Level / Bias Revision

The upside bias weakens if XPD/USD breaks down below 1375.26.

Technical Summary

EMA(50) : 1471.19

EMA(200): 1445.01

RSI(14) : 55.85

Economic News Release Schedule:

Tonight the United States will release one economic data point which is ISM Services PMI at 21:00 WIB.

It is clearly seen that both EMAs form a Golden Cross followed by RSI(14) is in the Neutral-Bullish area, so there is a high probability today that Platinum will strengthen toward its nearest resistance level.

Key Levels

1. Resistance. 2 : 2091.2

2. Resistance. 1 : 2044.3

3. Pivot : 1960.2

4. Support. 1 : 1913.3

5. Support. 2 : 1829.2

Tactical Scenario

Positive Reaction Zone: If the price holds above 1960.2, the move will likely advance toward 2044.3.

Momentum Extension Bias: If 2044.3 is broken, there is potential to reach 2091,2.

Invalidation Level / Bias Revision

The upside bias weakens if the price falls below 1558.44.

Technical Summary

EMA(50) : 1960.2

EMA(200): 1932.4

RSI(14) : 51.83

Economic News Release Schedule:

Tonight the United States will release one economic data point which is ISM Services PMI at 21:00 WIB.

If we pay attention to both EMA which is in a Death Cross as well as RSI(14) has approaching the Overbought level, then there is potential in the near term for #USDX to weaken toward its nearest support.

Key Levels

1. Resistance. 2 : 100.13

2. Resistance. 1 : 99.83

3. Pivot : 99.55

4. Support. 1 : 99.25

5. Support. 2 : 98.97

Tactical Scenario

Pressure Zone: If the price breaks down below 99.55, there is potential pressure toward 99.25.

Momentum Extension Bias: If 99.25 is broken, 98.97 is likely to be tested.

Invalidation Level / Bias Revision

The downside bias is restrained if #USDX strengthens and breaks out above 100.13.

Technical Summary

EMA(50) : 99.65

EMA(200): 99.84

RSI(14) : 68.99

Economic News Release Agenda:

Today the United States will release the following economic data:

US - Challenger Job Cuts y/y - 18:30 WIB

US - Unemployment Claims - 19:30 WIB

US - Trade Balance - 19:30 WIB

US - Natural Gas Storage - 21:30 WIB

Key Levels

1. Resistance. 2 : 24403.0

2. Resistance. 1 : 24206.6

3. Pivot : 23964.1

4. Support. 1 : 23767.7

5. Support. 2 : 23525.2

Tactical Scenario

Positive Reaction Zone: If the price breaks out above 23964.1, there is a likelihood of an advance toward 24206.6.

Momentum Extension Bias: If 24206.6 is broken out, #NDX may test 24403.0.

Invalidation Level / Bias Revision

The upside bias weakens if the price breaks down below 23525.2.

Technical Summary

EMA(50) : 23882.9

EMA(200): 23669.9

RSI(14) : 30.83

Economic News Release Agenda:

Today the United States will release the following economic data:

US - Challenger Job Cuts y/y - 18:30 WIB

US - Unemployment Claims - 19:30 WIB

US - Trade Balance - 19:30 WIB

US - Natural Gas Storage - 21:30 WIB

Because RSI(14) is in the Neutral-Bullish level and both EMAs are in a Golden Cross intersection, then the potential for continuing its strengthening bias towards the nearest Resistance is quite large.

Key Levels

1. Resistance. 2 : 4817.28

2. Resistance. 1 : 4743.24

3. Pivot : 4612.76

4. Support. 1 : 4538.72

5. Support. 2 : 4408.24

Tactical Scenario

Positive Reaction Zone: If the price stays above 4743.24, there is a likelihood of an advance toward 4817.28.

Momentum Extension Bias: If 4817.28 is broken to the upside, Gold has the potential to test 4947.76.

Invalidation Level / Bias Revision

The upside bias weakens if Gold falls and breaks below 4408.24.

Technical Summary

EMA(50) : 4625.47

EMA(200): 4550.28

RSI(14) : 60.73

Economic News Release Agenda:

Tonight the United States will release the following economic data:

US - ADP Non-Farm Employment Change - 19:15 WIB

US - Core Retail Sales m/m - 19:30 WIB

US - Retail Sales m/m - 19:30 WIB

US - Final Manufacturing PMI - 20:45 WIB

US - ISM Manufacturing PMI - 21:00 WIB

US - Business Inventories m/m - 21:00 WIB

US - Wards Total Vehicle Sales - All days

US - Crude Oil Inventories - 21:30 WIB

With both EMAs condition in a Golden Cross intersection, then today Silver has the potential today to strengthen toward its nearest resistance level.

Key Levels

1. Resistance. 2 : 79.435

2. Resistance. 1 : 77.265

3. Pivot : 73.130

4. Support. 1 : 70.960

5. Support. 2 : 66.825

Tactical Scenario

Positive Reaction Zone: If Silver breaks out and closes above 77.265, there is a possibility of a move toward 79.435.

Momentum Extension Bias: If 79.435 is also breached, the advance could extend to 83.570.

Invalidation Level / Bias Revision

The upside bias weakens if Silver falls and breaks below 66.825.

Technical Summary

EMA(50) : 73.553

EMA(200): 71.563

RSI(14) : 44.32

Economic News Release Agenda:

Tonight the United States will release the following economic data:

US - ADP Non-Farm Employment Change - 19:15 WIB

US - Core Retail Sales m/m - 19:30 WIB

US - Retail Sales m/m - 19:30 WIB

US - Final Manufacturing PMI - 20:45 WIB

US - ISM Manufacturing PMI - 21:00 WIB

US - Business Inventories m/m - 21:00 WIB

US - Wards Total Vehicle Sales - All days

US - Crude Oil Inventories - 21:30 WIB

Although XPD/USD is currently in a sideways condition, but there is a potential weakness indicated by a Death Cross between both of the EMAs.

Key Levels

1. Resistance. 2 : 1475.57

2. Resistance. 1 : 1434.67

3. Pivot : 1387.98

4. Support. 1 : 1347.08

5. Support. 2 : 1300.39

Tactical Scenario

Pressure Zone: If the price breaks down below 1387.98, there is potential for continued weakness toward 1347.08.

Momentum Extension Bias: If 1347.08 is also broken, there is a fairly strong probability that the decline will continue to 1300.39.

Invalidation Level / Bias Revision

The downside bias is restrained if XPD/USD strengthens and breaks out above 1475.57.

Technical Summary

EMA(50) : 1396.43

EMA(200): 1397.37

RSI(14) : 56.86

Economic News Release Agenda:

Today, the U.S. session will release the following economic data:

US - HPI m/m - 20:00 WIB

US - S&P/CS Composite-20 HPI y/y - 20:00 WIB

US - Chicago PMI - 20:45 WIB

US - JOLTS Job Openings - 21:00 WIB

US - CB Consumer Confidence - 21:00 WIB

US - API Weekly Statistical Bulletin - 03:30 WIB

With EMAs condition still in a Golden Cross intersection even though Platinum remains in a sideways and RSI(14) is in the Neutral-Bearish level, but there is a big potential to weaken towards the nearest support level.

Key Levels

1. Resistance. 2 : 1968.8

2. Resistance. 1 : 1919.7

3. Pivot : 1864.3

4. Support. 1 : 1815.2

5. Support. 2 : 1759.8

Tactical Scenario

Pressure Zone: If the price breaks down below 1864.3, there is potential pressure toward 1815.2.

Momentum Extension Bias: If 1815.2 is also broken, #PLF could test 1759.8.

Invalidation Level / Bias Revision

The downside bias is contained if #PLF strengthens and breaks out above 1968.8.

Technical Summary

EMA(50) : 1873.6

EMA(200): 1882.0

RSI(14) : 52.41

Economic News Release Agenda:

Today, the U.S. session will release the following economic data:

US - HPI m/m - 20:00 WIB

US - S&P/CS Composite-20 HPI y/y - 20:00 WIB

US - Chicago PMI - 20:45 WIB

US - JOLTS Job Openings - 21:00 WIB

US - CB Consumer Confidence - 21:00 WIB

US - API Weekly Statistical Bulletin - 03:30 WIB

With both EMAs which intersect with a Golden Cross and RSI(14) in the Extreme-Bullish level, then #CL remains in a strengthening bullish bias.

Key Levels

1. Resistance. 2 : 107.19

2. Resistance. 1 : 104.14

3. Pivot : 89.07

4. Support. 1 : 95.08

5. Support. 2 : 89.07

Tactical Scenario

Positive Reaction Zone: If the price breaks out above 89.07, there is potential for #CL to move up toward 104.14.

Momentum Extension Bias: If 104.14 is broken, 107.19 becomes the next target.

Invalidation Level / Bias Revision

The upside bias weakens if the price breaks down below 89.07.

Technical Summary

EMA(50) : 97.77

EMA(200): 94.36

RSI(14) : 74.31

Economic News Release Schedule:

No economic data releases from the United States today, but Fed Chair Mr. Powell will deliver a speech at 21:30 WIB.

With RSI(14) in the Neutral-Bearish area, even though #NG remains in a sideways condition, this indicates that there is potential weakness in the near term toward its nearest support level.

Key Levels

1. Resistance. 2 : 3.215

2. Resistance. 1 : 3.143

3. Pivot : 3.052

4. Support. 1 : 2.980

5. Support. 2 : 2.889

Tactical Scenario

Pressure Zone: If the price breaks down below 2.980, there is potential pressure toward 2.889.

Momentum Extension Bias: If 2.889 is broken to the downside, the weakening may continue toward 2.817.

Invalidation Level / Bias Revision

The downside bias is restrained if the price strengthens and breaks out above 3.215.

Technical Summary

EMA(50) : 3.013

EMA(200): 2.994

RSI(14) : 31.61

Economic News Release Schedule:

No economic data releases from the United States today, but Fed Chair Mr. Powell will deliver a speech at 21:30 WIB.

If we look at the technical data, starting from both EMAs forming a Death Cross intersection and RSI(14) indicator in the Neutral-Bearish area, it is clear that #USDX has a chance to weaken today toward its nearest support level.

Key Levels

1. Resistance. 2 : 100.74

2. Resistance. 1 : 100.26

3. Pivot : 99.94

4. Support. 1 : 99.46

5. Support. 2 : 99.14

Tactical Scenario

Pressure Zone: If the price of #USDX breaks down below 99.46, there is a potential pressure toward 99.14.

Momentum Extension Bias: If 99.14 is also broken to the downside, 98.66 could be tested in the near term.

Invalidation Level / Bias Revision

The downside bias is restrained if #USDX strengthens and climbs above 100.74.

Technical Summary

EMA(50) : 99.94

EMA(200): 99.68

RSI(14) : 49.24

Economic News Release Agenda:

From the United States the following economic data will be released:

US - ADP Weekly Employment Change - 19:15 WIB

US - Pending Home Sales m/m - 21:00 WIB

US - API Weekly Statistical Bulletin - 03:30 WIB

With the appearance of a Bullish Divergence and a Golden Cross position on both EMAs, showing that buyers appear to dominate #CL, so there is potential for a near-term upside.

Key Levels

1. Resistance. 2 : 104.05

2. Resistance. 1 : 101.60

3. Pivot : 96.84

4. Support. 1 : 94.39

5. Support. 2 : 89.63

Tactical Scenario

Positive Reaction Zone: If #CL holds at 96.84, there is a likelihood of a move up toward 101.60.

Momentum Extension Bias: If 101.60 is broken and closes above, #CL may test 104.05.

Level Invalidation / Bias Revision

The upside bias weakens if #CL falls below 89.63.

Technical Summary

EMA(50) : 96.39

EMA(200): 92.06

RSI(14) : 56.25 + Bullish Divergent

Economic News Release Agenda:

From the United States, the following economic data will be released:

US - Empire State Manufacturing Index - 19:30 WIB

US - Capacity Utilization Rate - 20:15 WIB

US - Industrial Production m/m - 20:15 WIB

US - NAHB Housing Market Index - 21:00 WIB

If we observe that the RSI is forming a Hidden Bearish Divergence pattern and the two EMAs are crossing the Death Cross, then there is a high probability that gold will weaken today to its nearest support level.

Key Levels

1. Resistance. 2 : 5170.45

2. Resistance. 1 : 5094.41

3. Pivot : 5051.83

4. Support. 1 : 4975.79

5. Support. 2 : 4933.21

Tactical Scenario

Pressure Zone: If Gold breaks down and closes below 4975.79, there is potential pressure toward 4933.21.

Momentum Extension Bias: If 4933.21 is broken to the downside, Gold could continue weakening to 4857.17.

Invalidation Level / Bias Revision

The downside bias is restrained if Gold strengthens and breaks above 5170.45.

Technical Summary

EMA(50) : 5067.59

EMA(200): 5124.04

RSI(14) : 33.75

Economic News Release Agenda:

From the United States, the following economic data will be released:

US - Empire State Manufacturing Index - 19:30 WIB

US - Capacity Utilization Rate - 20:15 WIB

US - Industrial Production m/m - 20:15 WIB

US - NAHB Housing Market Index - 21:00 WIB

With RSI(14) condition in the Neutral-Bearish level and the price below EMA(50) and EMA(200), it shows that sellers are quite dominant at the moment.

Key Levels

1. Resistance. 2 : 25279.3

2. Resistance. 1 : 25100.2

3. Pivot : 24974.3

4. Support. 1 : 24795.2

5. Support. 2 : 24669.3

Tactical Scenario

Pressure Zone: If #NDX breaks down below 24,795.2, there is potential for continued pressure toward 24,669.3.

Momentum Extension Bias: If 24,669.3 is breached, #NDX could try to test 24,490.2.

Invalidation Level / Bias Revision

The downside bias is restrained if #NDX strengthens and breaks above 25,279.3.

Technical Summary

EMA(50) : 24890.1

EMA(200): 24860.8

RSI(14) : 32.98

Economic News Release Agenda:

From the United States the following economic data will be released:

US - Unemployment Claims - 19:30 WIB

US - Building Permits - 19:30 WIB

US - Housing Starts - 19:30 WIB

US - Trade Balance - 19:30 WIB

US - Natural Gas Storage - 21:30 WIB

US - 30-y Bond Auction - 01:00 WIB

With both EMAs condition forming a Golden Cross intersection and RSI(14) in the Neutral-Bullish area, it is clear that #USDX still has the potential to strengthen toward its nearest resistance level.

Key Levels

1. Resistance. 2 : 99.64

2. Resistance. 1 : 99.41

3. Pivot : 99.04

4. Support. 1 : 98.81

5. Support. 2 : 98.44

Tactical Scenario

Positive Reaction Zone: If the price breaks above 99.41, there is a likelihood that #USDX will move up toward 99.64.

Momentum Extension Bias: If 99.64 is broken, #USDX could attempt to test 100.01.

Invalidation Level / Bias Revision

The upside bias weakens if #USDX falls below 98.44.

Technical Summary

EMA(50) : 99.13

EMA(200): 98.96

RSI(14) : 66.25

Economic News Release Agenda:

From the United States the following economic data will be released:

US - Unemployment Claims - 19:30 WIB

US - Building Permits - 19:30 WIB

US - Housing Starts - 19:30 WIB

US - Trade Balance - 19:30 WIB

US - Natural Gas Storage - 21:30 WIB

US - 30-y Bond Auction - 01:00 WIB

With EMA(50) and EMA(200) condition in a Golden Cross intersection and RSI(14) indicator in the Neutral-Bullish area, then Gold is likely to test its nearest resistance level in the near term.

Key Levels

1. Resistance. 2 : 5298.50

2. Resistance. 1 : 5245.02

3. Pivot : 5184.62

4. Support. 1 : 5131.14

5. Support. 2 : 5070.74

Tactical Scenario

Positive Reaction Zone: If the price holds at 5184.62, Gold is likely to move up toward 5245.02.

Momentum Extension Bias: If 5245.02 is broken, Gold could continue higher to test 5298.50.

Invalidation Level / Bias Revision

The upside bias weakens if Gold falls below 5070.74.

Technical Summary

EMA(50) : 5188.51

EMA(200): 5159.06

RSI(14) : 50.54

Economic News Release Agenda:

Today the United States will release the following economic data:

US - Core CPI m/m - 19:30 WIB

US - CPI m/m - 19:30 WIB

US - CPI y/y - 19:30 WIB

US - Crude Oil Inventories - 21:30 WIB

US - 10-y Bond Auction - 00:01 WIB

US - Federal Budget Balance - 01:00 WIB

If we look at the technical data which supporting Silver's strength, there is a high probability that Silver will rally toward its nearest resistance level today.

Key Levels

1. Resistance. 2 : 91.622

2. Resistance. 1 : 88.938

3. Pivot : 88.262

4. Support. 1 : 86.578

5. Support. 2 : 84.502

Tactical Scenario

Positive Reaction Zone: If the price holds at 88.262, Silver is likely to move up toward 88.938.

Momentum Extension Bias: If 88.938 is broken, Silver could test 91.622.

Invalidation Level / Bias Revision

Silver's upside bias weakens if the price falls below 84.502.

Technical Summary

EMA(50) : 88.127

EMA(200): 86.165

RSI(14) : 45.22

Economic News Release Agenda:

Today the United States will release the following economic data:

US - Core CPI m/m - 19:30 WIB

US - CPI m/m - 19:30 WIB

US - CPI y/y - 19:30 WIB

US - Crude Oil Inventories - 21:30 WIB

US - 10-y Bond Auction - 00:01 WIB

US - Federal Budget Balance - 01:00 WIB

Crude Oil still has the potential to weaken toward its nearest support level, as it is confirmed by RSI(14) being in the Neutral-Bearish area.

Key Levels

1. Resistance. 2 : 133.44

2. Resistance. 1 : 100.22

3. Pivot : 95.20

4. Support. 1 : 70.98

5. Support. 2 : 56.96

Tactical Scenario

Pressure Zone: If the price remains below 95.20, there is potential pressure toward 70.98.

Momentum Extension Bias: If 70.98 is broken, #CL has the potential to continue its decline to 56.96.

Invalidation Level / Bias Revision

The downside bias is contained if the price strengthens and breaks above 133.44.

Technical Summary

EMA(50) : 92.76

EMA(200): 86.71

RSI(14) : 48.97

Economic News Release Agenda:

Tonight the United States will release the following economic data:

US - NFIB Small Business Index - 17:00 WIB

US - ADP Weekly Employment Change - 19:15 WIB

US - Existing Home Sales - 21:00 WIB

US - API Weekly Statistical Bulletin - 03:00 WIB

Natural Gas is currently trading sideways, as seen by the price moving between the EMA(50) and EMA(200). However, with the RSI(14) indicator in the Neutral-Bearish area, there is potential in the near term for a decline toward the nearest support level.

Key Levels

1. Resistance. 2 : 3.653

2. Resistance. 1 : 3.340

3. Pivot : 3.180

4. Support. 1 : 2.867

5. Support. 2 : 2.707

Tactical Scenario

Pressure Zone: If the price remains below 3.180, there is potential pressure toward 2.867.

Momentum Extension Bias: If 2.867 is broken to the downside, the weakening may continue to 2.707.

Invalidation Level / Bias Revision

The downside bias is restrained if #NG strengthens and breaks above 3.653.

Technical Summary

EMA(50) : 3.178

EMA(200): 3.106

RSI(14) : 47.05

Economic News Release Agenda:

Tonight the United States will release the following economic data:

US - NFIB Small Business Index - 17:00 WIB

US - ADP Weekly Employment Change - 19:15 WIB

US - Existing Home Sales - 21:00 WIB

US - API Weekly Statistical Bulletin - 03:00 WIB