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: watch 98.10.

Pivot:

105.00

Our preference:

Short positions below 105.00 with targets at 99.60 & 98.10 in extension.

Alternative scenario:

Above 105.00 look for further upside with 106.80 & 108.50 as targets.

Comment:

As long as the resistance at 105.00 is not surpassed, the risk of the break below 99.60 remains high.

Gold Intraday: the upside prevails.

Pivot:

4595

Our preference:

Long positions above 4595 with targets at 4735 & 4800 in extension.

Alternative scenario:

Below 4595 look for further downside with 4540 & 4490 as targets.

Comment:

The RSI is bullish and calls for further upside.

Bitcoin / Dollar intraday: the upside prevails as long as 66800 is support

Our pivot point stands at 66800.

Our preference:

The upside prevails as long as 66800 is support.

Alternative scenario:

The downside breakout of 66800 would call for 65200 and 64250.

Comment:

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 67708 and 67367).

USD/JPY Intraday: the downside prevails.

Pivot:

159.35

Our preference:

Short positions below 159.35 with targets at 158.00 & 157.65 in extension.

Alternative scenario:

Above 159.35 look for further upside with 159.65 & 160.00 as targets.

Comment:

The RSI lacks upward momentum.

EUR/USD Intraday: towards 1.1610.

Pivot:

1.1510

Our preference:

Long positions above 1.1510 with targets at 1.1610 & 1.1640 in extension.

Alternative scenario:

Below 1.1510 look for further downside with 1.1485 & 1.1460 as targets.

Comment:

The break above 1.1510 is a positive signal that has opened a path to 1.1610.

Binance Coin / Dollar intraday: the upside prevails as long as 605.3 is support

Our pivot point is at 605.3.

Our preference:

The upside prevails as long as 605.3 is support.

Alternative scenario:

The downside breakout of 605.3 would call for 592 and 584.

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 611.3 and 613).

Solana / Dollar intraday: the upside prevails as long as 81 is support

81.0 is our pivot point.

Our preference:

The upside prevails as long as 81 is support.

Alternative scenario:

Below 81.0, expect 78.5 and 77.0.

Comment:

The RSI is above its neutrality area at 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 82.4 and 82.4).