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)‎ (X6)‎ intraday: bullish bias above 93.25.

Pivot:

93.25

Our preference:

Long positions above 93.25 with targets at 96.75 & 98.00 in extension.

Alternative scenario:

Below 93.25 look for further downside with 91.25 & 88.75 as targets.

Comment:

The RSI is mixed to bullish.

Gold intraday : Watch 4,230

Our pivot point is at 4,333.

Our preference:

The downside prevails as long as 4,333 is resistance, with 4,230 and 4,203 as targets

Alternative scenario:

Above 4,333, look for 4,378 and 4,404.

Comment:

The price stands above its 20 period moving average (4,269) but below its 50 period moving average (4,275).

Bitcoin / USD intraday : Towards 82,437

Our pivot point is at 85,541.

Our preference:

The downside prevails as long as 85,541 is resistance, with 82,437 and 81,679 as targets

Alternative scenario:

Above 85,541, look for 86,823 and 87,586.

Comment:

The next move hinges on a break of support or resistance level.

USD/JPY intraday : Pivotal moment

Our pivot point is at 158.55.

Our preference:

The upside prevails as long as 158.55 is support, with 159.49 and 159.74 as targets

Alternative scenario:

Below 158.55, expect 158.13 and 157.88.

Comment:

The asset is now hovering dangerously close to our pivot, representing a pivotal moment that could be among the last opportunities for a trend reversal.

EUR/USD intraday : Target 1.1360

Our pivot point is at 1.1402.

Our preference:

The downside prevails as long as 1.1402 is resistance, with 1.1360 and 1.1350 as targets

Alternative scenario:

Above 1.1402, look for 1.1420 and 1.1430.

Comment:

The price stands above its 20 period moving average (1.1374) but below its 50 period moving average (1.1377).

Binance Coin / Dollar intraday : Expect 789.8

Our pivot point is at 761.7.

Our preference:

In spite of the current correction, a rebound near 797.2 is expected as long as 761.7 is still intact

Alternative scenario:

Below 761.7, expect 749.3 and 741.9.

Comment:

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price is below its 20 period moving average (779.6) but above its 50 period moving average (773.6).

Solana / Dollar intraday : Target 121.0

Our pivot point is at 114.5.

Our preference:

The upside prevails as long as 114.5 is support, with 121.0 and 122.8 as targets

Alternative scenario:

Below 114.5, expect 111.6 and 109.8.

Comment:

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price is above its 20 and 50 period moving average (respectively at 116.6 and 115.4).