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)‎ (N6)‎ intraday: target 88.50.

Pivot:

93.50

Our preference:

Short positions below 93.50 with targets at 89.70 & 88.50 in extension.

Alternative scenario:

Above 93.50 look for further upside with 95.80 & 97.00 as targets.

Comment:

The RSI is below its neutrality area at 50%

Gold intraday: key resistance at 4353.

Pivot:

4353

Our preference:

Short positions below 4353 with targets at 4268 & 4230 in extension.

Alternative scenario:

Above 4353 look for further upside with 4395 & 4430 as targets.

Comment:

The RSI has just struck against its neutrality area at 50% and is reversing down.

Bitcoin / Dollar intraday: the downside prevails as long as 63720 is resistance

Our pivot point is at 63720.

Our preference:

The downside prevails as long as 63720 is resistance.

Alternative scenario:

Above 63720, look for 64460 and 64890.

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 63541 and 63329).

USD/JPY intraday: bullish bias above 159.90.

Pivot:

159.90

Our preference:

Long positions above 159.90 with targets at 160.40 & 160.65 in extension.

Alternative scenario:

Below 159.90 look for further downside with 159.75 & 159.60 as targets.

Comment:

The RSI calls for a bounce.

EUR/USD intraday: key resistance at 1.1550.

Pivot:

1.1550

Our preference:

Short positions below 1.1550 with targets at 1.1515 & 1.1500 in extension.

Alternative scenario:

Above 1.1550 look for further upside with 1.1570 & 1.1590 as targets.

Comment:

As long as 1.1550 is resistance, look for choppy price action with a bearish bias.

Binance Coin / Dollar intraday: as long as 594.6 is support look for 622.2

Our pivot point stands at 594.6.

Our preference:

As long as 594.6 is support look for 622.2.

Alternative scenario:

Below 594.6, expect 586.3 and 581.4.

Comment:

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 601.8 and 595.2).

Solana / Dollar intraday: target 64.8

Our pivot point stands at 67.8.

Our preference:

Target 64.8.

Alternative scenario:

Above 67.8, look for 68.8 and 69.4.

Comment:

The RSI is below its neutrality area at 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 trading under its 20 period moving average (67.2) but above its 50 period moving average (66.6).