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: watch 83.00.

Pivot:

89.20

Our preference:

Short positions below 89.20 with targets at 83.00 & 80.00 in extension.

Alternative scenario:

Above 89.20 look for further upside with 92.50 & 96.00 as targets.

Comment:

As long as 89.20 is resistance, likely decline to 83.00.

Gold intraday : Look for 3,978

Our pivot point is at 4,076.

Our preference:

The downside prevails as long as 4,076 is resistance, with 3,978 and 3,955 as targets

Alternative scenario:

Above 4,076, look for 4,115 and 4,138.

Comment:

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 4,035 and 4,081).

Bitcoin / USD intraday : Pivotal moment

Our pivot point is at 73,939.

Our preference:

The downside prevails as long as 73,939 is resistance, with 71,597 and 71,055 as targets

Alternative scenario:

Above 73,939, look for 74,855 and 75,401.

Comment:

The price is dangerously moving towards our pivot, one of the final opportunities for a reversal.

USD/JPY intraday : Towards 159.09

Our pivot point is at 158.50.

Our preference:

The upside prevails as long as 158.50 is support, with 159.09 and 159.24 as targets

Alternative scenario:

Below 158.50, expect 158.25 and 158.10.

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 158.71 and 158.31).

EUR/USD intraday : Risk escalating

Our pivot point is at 1.1177.

Our preference:

The downside prevails as long as 1.1177 is resistance, with 1.1122 and 1.1109 as targets

Alternative scenario:

Above 1.1177, look for 1.1198 and 1.1211.

Comment:

The asset's price is approaching our pivot level at a critical juncture, leaving little room for the asset to reverse its current trajectory.

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:

Prices are now approaching our first target. Reaching this level could trigger a pullback. Conversely, a decisive break below it could lead to a further fall.

Solana / Dollar intraday : Risk escalating

Our pivot point is at 83.2.

Our preference:

The downside prevails as long as 83.2 is resistance, with 80.0 and 79.3 as targets

Alternative scenario:

Above 83.2, look for 84.5 and 85.2.

Comment:

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