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)‎ (K6)‎ Intraday: target 91.45.

Pivot:

96.20

Our preference:

Short positions below 96.20 with targets at 91.45 & 90.00 in extension.

Alternative scenario:

Above 96.20 look for further upside with 98.50 & 100.50 as targets.

Comment:

The RSI is bearish and calls for further decline.

Gold Intraday: bullish bias above 4570.

Pivot:

4570

Our preference:

Long positions above 4570 with targets at 4710 & 4810 in extension.

Alternative scenario:

Below 4570 look for further downside with 4500 & 4455 as targets.

Comment:

The RSI is below its neutrality area at 50% but reversing up.

Bitcoin / Dollar intraday: as long as 71570 is resistance look for 67050

Our pivot point stands at 71570.

Our preference:

As long as 71570 is resistance look for 67050.

Alternative scenario:

The upside breakout of 71570, would call for 73210 and 74190.

Comment:

The RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI should trigger further gains. Moreover, the price is trading above its 20 period moving average (69905) but under its 50 period moving average (70311).

USD/JPY Intraday: 157.00 in sight.

Pivot:

158.55

Our preference:

Short positions below 158.55 with targets at 157.50 & 157.00 in extension.

Alternative scenario:

Above 158.55 look for further upside with 159.00 & 159.40 as targets.

Comment:

As long as the resistance at 158.55 is not surpassed, the risk of the break below 157.50 remains high.

EUR/USD Intraday: the upside prevails.

Pivot:

1.1510

Our preference:

Long positions above 1.1510 with targets at 1.1615 & 1.1650 in extension.

Alternative scenario:

Below 1.1510 look for further downside with 1.1480 & 1.1445 as targets.

Comment:

The RSI is bullish and calls for further advance.

Binance Coin / Dollar intraday: rebound towards 666.9

627.7 is our pivot point.

Our preference:

Rebound towards 666.9.

Alternative scenario:

Below 627.7, expect 613.7 and 605.3.

Comment:

The RSI is below 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 642.4 and 653.4).

Solana / Dollar intraday: technical rebound towards 91.2 before a new drop

91.2 is our pivot point.

Our preference:

Technical rebound towards 91.2 before a new drop.

Alternative scenario:

The upside breakout of 91.2, would call for 94 and 95.6.

Comment:

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above its 20 period moving average (88.4) but under its 50 period moving average (89.2).