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)‎ (M6)‎ Intraday: bullish bias above 106.30.

Pivot:

106.30

Our preference:

Long positions above 106.30 with targets at 110.00 & 112.00 in extension.

Alternative scenario:

Below 106.30 look for further downside with 103.80 & 101.80 as targets.

Comment:

Investors have to remain cautious since these levels may trigger profit taking.

Gold Intraday: aim @ 4480.

Pivot:

4580

Our preference:

Short positions below 4580 with targets at 4520 & 4480 in extension.

Alternative scenario:

Above 4580 look for further upside with 4610 & 4635 as targets.

Comment:

As long as the resistance at 4580 is not surpassed, the risk of the break below 4520 remains high.

Bitcoin / Dollar intraday: rebound towards 77870

74850 is our pivot point.

Our preference:

Rebound towards 77870.

Alternative scenario:

The downside breakout of 74850 would call for 73700 and 73010.

Comment:

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 75795 and 76515).

USD/JPY Intraday: bullish bias above 159.90.

Pivot:

159.90

Our preference:

Long positions above 159.90 with targets at 160.50 & 160.70 in extension.

Alternative scenario:

Below 159.90 look for further downside with 159.70 & 159.50 as targets.

Comment:

The RSI is above its neutrality area at 50%.

EUR/USD Intraday: the downside prevails.

Pivot:

1.1700

Our preference:

Short positions below 1.1700 with targets at 1.1660 & 1.1640 in extension.

Alternative scenario:

Above 1.1700 look for further upside with 1.1720 & 1.1740 as targets.

Comment:

As long as the resistance at 1.1700 is not surpassed, the risk of the break below 1.1660 remains high.

Binance Coin / Dollar intraday: the downside prevails as long as 623.7 is resistance

Our pivot point stands at 623.7.

Our preference:

The downside prevails as long as 623.7 is resistance.

Alternative scenario:

The upside breakout of 623.7, would call for 631.2 and 635.7.

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 stands below its 20 and 50 period moving average (respectively at 621 and 622.9).

Solana / Dollar intraday: rebound

81.8 is our pivot point.

Our preference:

Rebound.

Alternative scenario:

The downside breakout of 81.8 would call for 80.2 and 79.3.

Comment:

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (82.9) but under its 50 period moving average (83.8).