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)‎ (Z6)‎ intraday: aim @ 85.00.

Pivot:

97.00

Our preference:

Short positions below 97.00 with targets at 85.00 & 80.00 in extension.

Alternative scenario:

Above 97.00 look for further upside with 100.00 & 102.00 as targets.

Comment:

The RSI is mixed and calls for caution.

Gold intraday : Towards 4,160

Our pivot point is at 4,059.

Our preference:

The upside prevails as long as 4,059 is support, with 4,160 and 4,180 as targets

Alternative scenario:

Below 4,059, expect 4,025 and 4,005.

Comment:

The instrument is trading sideways as the market builds energy ahead of a potential directional shift.

Bitcoin / USD intraday : Rebound towards 77,299

Our pivot point is at 74,493.

Our preference:

Rebound above 74,493 towards 77,299

Alternative scenario:

Below 74,493, expect 73,720 and 73,260.

Comment:

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. The price stands below its 20 and 50 period moving average (respectively at 76,461 and 78,801).

USD/JPY intraday : Watching for a Trigger Below Support

Our pivot point is at 158.14.

Our preference:

The downside prevails as long as 158.14 is resistance, with 157.55 and 157.43 as targets

Alternative scenario:

Above 158.14, look for 158.35 and 158.48.

Comment:

With prices nearing our first target, a pullback may emerge, though a clean break below could accelerate the downside.

EUR/USD intraday : On the edge of pivot level

Our pivot point is at 1.1198.

Our preference:

The upside prevails as long as 1.1198 is support, with 1.1274 and 1.1286 as targets

Alternative scenario:

Below 1.1198, expect 1.1178 and 1.1166.

Comment:

The asset price is approaching our pivot level, which represents one of the last opportunities for the asset to reverse its recent trend.

Binance Coin / Dollar intraday : Critical support closing in

Our pivot point is at 737.0.

Our preference:

The downside prevails as long as 737.0 is resistance, with 668.8 and 665.7 as targets

Alternative scenario:

Above 737.0, look for 742.7 and 746.0.

Comment:

With prices nearing our first target, a pullback may emerge, though a clean break below could accelerate the downside.

Solana / Dollar intraday : the RSI is oversold

Our pivot point is at 87.1.

Our preference:

Rebound above 87.1 towards 92.0

Alternative scenario:

Below 87.1, expect 85.9 and 85.2.

Comment:

The RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is above its signal line and negative. The configuration is mixed. The price stands below its 20 and 50 period moving average (respectively at 90.5 and 93.9).