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: bounce.

Pivot:

93.70

Our preference:

Long positions above 93.70 with targets at 99.00 & 101.40 in extension.

Alternative scenario:

Below 93.70 look for further downside with 91.90 & 89.80 as targets.

Comment:

The RSI calls for a rebound.

Gold Intraday: consolidation in place.

Pivot:

4730

Our preference:

Short positions below 4730 with targets at 4660 & 4625 in extension.

Alternative scenario:

Above 4730 look for further upside with 4765 & 4800 as targets.

Comment:

The RSI is mixed with a bearish bias.

Bitcoin / Dollar intraday: rebound towards 81900

79180 is our pivot point.

Our preference:

Rebound towards 81900.

Alternative scenario:

The downside breakout of 79180 would call for 78130 and 77500.

Comment:

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (79968) but below its 50 period moving average (80614).

USD/JPY Intraday: further advance.

Pivot:

156.30

Our preference:

Long positions above 156.30 with targets at 157.30 & 157.65 in extension.

Alternative scenario:

Below 156.30 look for further downside with 155.95 & 155.55 as targets.

Comment:

The RSI advocates for further upside.

EUR/USD Intraday: target 1.1700.

Pivot:

1.1760

Our preference:

Short positions below 1.1760 with targets at 1.1700 & 1.1675 in extension.

Alternative scenario:

Above 1.1760 look for further upside with 1.1780 & 1.1795 as targets.

Comment:

The RSI shows downside momentum.

Binance Coin / Dollar intraday: the downside prevails as long as 642.8 is resistance

Our pivot point stands at 642.8.

Our preference:

The downside prevails as long as 642.8 is resistance.

Alternative scenario:

The upside breakout of 642.8, would call for 649.9 and 654.1.

Comment:

The RSI is below 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 644.6 and 644).

Solana / Dollar intraday: rebound

87.2 is our pivot point.

Our preference:

Rebound.

Alternative scenario:

The downside breakout of 87.2 would call for 85.6 and 84.7.

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 stands above its 20 period moving average (88.3) but below its 50 period moving average (88.7).