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)‎ (Q6)‎ intraday: target 74.70.

Pivot:

77.10

Our preference:

Short positions below 77.10 with targets at 74.70 & 73.10 in extension.

Alternative scenario:

Above 77.10 look for further upside with 78.45 & 80.15 as targets.

Comment:

As long as the resistance at 77.10 is not surpassed, the risk of the break below 74.70 remains high.

Gold intraday: bullish bias above 4300.

Pivot:

4300

Our preference:

Long positions above 4300 with targets at 4365 & 4405 in extension.

Alternative scenario:

Below 4300 look for further downside with 4275 & 4245 as targets.

Comment:

The RSI has just landed on its neutrality area at 50% and is turning up.

Bitcoin / Dollar intraday: rebound towards 67160

Our pivot point stands at 65010.

Our preference:

Rebound towards 67160.

Alternative scenario:

The downside breakout of 65010 would call for 64170 and 63680.

Comment:

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 65710 and 66034).

USD/JPY intraday: bullish bias above 160.15.

Pivot:

160.15

Our preference:

Long positions above 160.15 with targets at 160.55 & 160.70 in extension.

Alternative scenario:

Below 160.15 look for further downside with 160.00 & 159.85 as targets.

Comment:

The next resistances are at 160.55 and then at 160.70.

EUR/USD intraday: bullish bias above 1.1585.

Pivot:

1.1585

Our preference:

Long positions above 1.1585 with targets at 1.1620 & 1.1640 in extension.

Alternative scenario:

Below 1.1585 look for further downside with 1.1570 & 1.1555 as targets.

Comment:

The RSI is above its neutrality area at 50%.

Binance Coin / Dollar intraday: rebound towards 622.0

Our pivot point stands at 597.3.

Our preference:

Rebound towards 622.0.

Alternative scenario:

The downside breakout of 597.3 would call for 587.6 and 581.9.

Comment:

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 606.1 and 610.9).

Solana / Dollar intraday: rebound towards 76.2

Our pivot point stands at 72.5.

Our preference:

Rebound towards 76.2.

Alternative scenario:

The downside breakout of 72.5 would call for 71.2 and 70.4.

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 is trading above its 20 period moving average (73.5) but under its 50 period moving average (73.9).