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 103.70.

Pivot:

103.70

Our preference:

Long positions above 103.70 with targets at 107.40 & 108.50 in extension.

Alternative scenario:

Below 103.70 look for further downside with 102.20 & 100.50 as targets.

Comment:

The next resistances are at 107.40 and then at 108.50.

Gold Intraday: under pressure.

Pivot:

4560

Our preference:

Short positions below 4560 with targets at 4485 & 4465 in extension.

Alternative scenario:

Above 4560 look for further upside with 4580 & 4605 as targets.

Comment:

The RSI is bearish and calls for further downside.

Bitcoin / Dollar intraday: target 77590

Our pivot point is at 80900.

Our preference:

Target 77590.

Alternative scenario:

The upside breakout of 80900, would call for 82120 and 82840.

Comment:

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (80056) but above its 50 period moving average (79665).

USD/JPY Intraday: the upside prevails.

Pivot:

156.60

Our preference:

Long positions above 156.60 with targets at 157.50 & 157.90 in extension.

Alternative scenario:

Below 156.60 look for further downside with 156.10 & 155.50 as targets.

Comment:

The next resistances are at 157.50 and then at 157.90.

EUR/USD Intraday: watch 1.1675.

Pivot:

1.1720

Our preference:

Short positions below 1.1720 with targets at 1.1675 & 1.1655 in extension.

Alternative scenario:

Above 1.1720 look for further upside with 1.1740 & 1.1765 as targets.

Comment:

A break below 1.1675 would trigger a drop towards 1.1655.

Binance Coin / Dollar intraday: target 609.0

630.2 is our pivot point.

Our preference:

Target 609.0.

Alternative scenario:

Above 630.2, look for 637.8 and 642.4.

Comment:

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (626.2) but above its 50 period moving average (621.8).

Solana / Dollar intraday: the downside prevails as long as 85.4 is resistance

Our pivot point stands at 85.4.

Our preference:

The downside prevails as long as 85.4 is resistance.

Alternative scenario:

Above 85.4, look for 87.0 and 88.0.

Comment:

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