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: aim @ 86.60.

Pivot:

95.50

Our preference:

Short positions below 95.50 with targets at 89.20 & 86.60 in extension.

Alternative scenario:

Above 95.50 look for further upside with 97.70 & 100.40 as targets.

Comment:

The RSI is bearish and calls for further decline.

Gold Intraday: further advance.

Pivot:

4810

Our preference:

Long positions above 4810 with targets at 4860 & 4890 in extension.

Alternative scenario:

Below 4810 look for further downside with 4785 & 4755 as targets.

Comment:

The next resistances are at 4860 and then at 4890.

Bitcoin / Dollar intraday: the downside prevails as long as 75270 is resistance

Our pivot point is at 75270.

Our preference:

The downside prevails as long as 75270 is resistance.

Alternative scenario:

Above 75270, look for 76470 and 77180.

Comment:

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 74462 and 74510).

USD/JPY Intraday: the downside prevails.

Pivot:

159.05

Our preference:

Short positions below 159.05 with targets at 158.60 & 158.40 in extension.

Alternative scenario:

Above 159.05 look for further upside with 159.25 & 159.45 as targets.

Comment:

As long as 159.05 is resistance, look for choppy price action with a bearish bias.

EUR/USD Intraday: the bias remains bullish.

Pivot:

1.1775

Our preference:

Long positions above 1.1775 with targets at 1.1810 & 1.1830 in extension.

Alternative scenario:

Below 1.1775 look for further downside with 1.1755 & 1.1735 as targets.

Comment:

The RSI is above its neutrality area at 50%.

Binance Coin / Dollar intraday: as long as 606.9 is support look for 630.9

Our pivot point stands at 606.9.

Our preference:

As long as 606.9 is support look for 630.9.

Alternative scenario:

The downside breakout of 606.9 would call for 597.9 and 592.6.

Comment:

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (616.7) but above its 50 period moving average (608.8).

Solana / Dollar intraday: the downside prevails as long as 85.5 is resistance

Our pivot point stands at 85.5.

Our preference:

The downside prevails as long as 85.5 is resistance.

Alternative scenario:

Above 85.5, look for 87.4 and 88.5.

Comment:

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 84.5 and 85.4).