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: towards 82.50.

Pivot:

88.90

Our preference:

Short positions below 88.90 with targets at 84.50 & 82.50 in extension.

Alternative scenario:

Above 88.90 look for further upside with 91.40 & 93.60 as targets.

Comment:

The RSI has broken down its 30 level.

Gold intraday: bullish bias above 4160.

Pivot:

4160

Our preference:

Long positions above 4160 with targets at 4270 & 4315 in extension.

Alternative scenario:

Below 4160 look for further downside with 4110 & 4060 as targets.

Comment:

The next resistances are at 4270 and then at 4315.

Bitcoin / USD intraday: the upside prevails.

Pivot:

62290

Our preference:

Long positions above 62290 with targets at 64200 & 65200 in extension.

Alternative scenario:

Below 62290 look for further downside with 61630 & 60880 as targets.

Comment:

The RSI calls for a new upleg.

USD/JPY intraday: the downside prevails.

Pivot:

160.35

Our preference:

Short positions below 160.35 with targets at 159.85 & 159.65 in extension.

Alternative scenario:

Above 160.35 look for further upside with 160.60 & 160.80 as targets.

Comment:

The RSI is below its neutrality area at 50%

EUR/USD intraday: further advance.

Pivot:

1.1545

Our preference:

Long positions above 1.1545 with targets at 1.1600 & 1.1620 in extension.

Alternative scenario:

Below 1.1545 look for further downside with 1.1525 & 1.1505 as targets.

Comment:

The RSI advocates for further upside.

Binance Coin / Dollar intraday: the downside prevails as long as 591.8 is resistance

Our pivot point is at 591.8.

Our preference:

The downside prevails as long as 591.8 is resistance.

Alternative scenario:

The upside breakout of 591.8, would call for 599.8 and 604.6.

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 589.5 and 596.5).

Solana / Dollar intraday: the downside prevails as long as 64.4 is resistance

64.4 is our pivot point.

Our preference:

The downside prevails as long as 64.4 is resistance.

Alternative scenario:

Above 64.4, look for 65.4 and 66.0.

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 64.1 and 64.8).