Daily Market Newsletter

Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.

Crude Oil (WTI)‎ (J6)‎ Intraday: towards 66.60.

Pivot:

64.80

Our preference:

Long positions above 64.80 with targets at 66.00 & 66.60 in extension.

Alternative scenario:

Below 64.80 look for further downside with 64.05 & 63.60 as targets.

Comment:

The next resistances are at 66.00 and then at 66.60.

Gold Intraday: bounce.

Pivot:

5160

Our preference:

Long positions above 5160 with targets at 5215 & 5235 in extension.

Alternative scenario:

Below 5160 look for further downside with 5130 & 5095 as targets.

Comment:

The RSI is mixed to bullish.

Bitcoin / Dollar intraday: rebound towards 70150

66410 is our pivot point.

Our preference:

Rebound towards 70150.

Alternative scenario:

The downside breakout of 66410 would call for 64970 and 64110.

Comment:

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (67371) but below its 50 period moving average (67879).

USD/JPY Intraday: intraday support around 155.70.

Pivot:

155.70

Our preference:

Long positions above 155.70 with targets at 156.40 & 156.80 in extension.

Alternative scenario:

Below 155.70 look for further downside with 155.35 & 155.00 as targets.

Comment:

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

EUR/USD Intraday: choppy.

Pivot:

1.1815

Our preference:

Short positions below 1.1815 with targets at 1.1785 & 1.1770 in extension.

Alternative scenario:

Above 1.1815 look for further upside with 1.1830 & 1.1845 as targets.

Comment:

As long as 1.1815 is resistance, look for choppy price action with a bearish bias.

Binance Coin / Dollar intraday: as long as 614.6 is support look for 649.4

Our pivot point stands at 614.6.

Our preference:

As long as 614.6 is support look for 649.4.

Alternative scenario:

Below 614.6, expect 601.8 and 594.2.

Comment:

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 624.6 and 617.1).

Solana / Dollar intraday: rebound towards 90.4

Our pivot point is at 84.0.

Our preference:

Rebound towards 90.4.

Alternative scenario:

The downside breakout of 84 would call for 81.6 and 80.1.

Comment:

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 86 and 87.1).