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 77.90.

Pivot:

72.80

Our preference:

Long positions above 72.80 with targets at 76.60 & 77.90 in extension.

Alternative scenario:

Below 72.80 look for further downside with 71.60 & 70.40 as targets.

Comment:

The RSI has just landed on its neutrality area at 50% and is turning up.

Gold Intraday: watch 5050.

Pivot:

5175

Our preference:

Short positions below 5175 with targets at 5050 & 4995 in extension.

Alternative scenario:

Above 5175 look for further upside with 5260 & 5335 as targets.

Comment:

The RSI is below its neutrality area at 50%

USD/JPY Intraday: bullish bias above 157.40.

Pivot:

157.40

Our preference:

Long positions above 157.40 with targets at 157.95 & 158.25 in extension.

Alternative scenario:

Below 157.40 look for further downside with 157.10 & 156.80 as targets.

Comment:

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

EUR/USD Intraday: rebound in sight.

Pivot:

1.1565

Our preference:

Long positions above 1.1565 with targets at 1.1645 & 1.1675 in extension.

Alternative scenario:

Below 1.1565 look for further downside with 1.1530 & 1.1500 as targets.

Comment:

The RSI calls for a bounce.

Bitcoin / Dollar intraday: the upside prevails as long as 67210 is support

Our pivot point stands at 67210.

Our preference:

The upside prevails as long as 67210 is support.

Alternative scenario:

Below 67210, expect 65670 and 64750.

Comment:

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 68105 and 67970).

Binance Coin / Dollar intraday: the upside prevails as long as 622 is support

Our pivot point stands at 622.0.

Our preference:

The upside prevails as long as 622 is support.

Alternative scenario:

Below 622.0, expect 608.3 and 600.2.

Comment:

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 630.1 and 629.5).

Solana / Dollar intraday: the upside prevails as long as 84.5 is support

84.5 is our pivot point.

Our preference:

The upside prevails as long as 84.5 is support.

Alternative scenario:

Below 84.5, expect 81.9 and 80.4.

Comment:

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 85.2 and 85.4).