TRADING CENTRAL

Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.

Bitcoin / Dollar intraday: rebound towards 43690

Our pivot point stands at 41890.

Our preference:

Rebound towards 43690.

Alternative scenario:

The downside breakout of 41890 would call for 41260 and 40890.

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 42664 and 43047).

Crude Oil (WTI)‎ (G4)‎ Intraday: the downside prevails.

Pivot:

72.75

Our preference:

Short positions below 72.75 with targets at 71.15 & 70.65 in extension.

Alternative scenario:

Above 72.75 look for further upside with 73.80 & 74.40 as targets.

Comment:

The RSI shows downside momentum.

Nasdaq 100 (CME)‎ (H4)‎ Intraday: consolidation.

Pivot:

17130.00

Our preference:

Short positions below 17130.00 with targets at 17060.00 & 17015.00 in extension.

Alternative scenario:

Above 17130.00 look for further upside with 17160.00 & 17180.00 as targets.

Comment:

The RSI is below its neutrality area at 50%

EUR/USD Intraday: watch 1.1030.

Pivot:

1.1090

Our preference:

Short positions below 1.1090 with targets at 1.1050 & 1.1030 in extension.

Alternative scenario:

Above 1.1090 look for further upside with 1.1110 & 1.1130 as targets.

Comment:

The RSI advocates for further downside.

GBP/USD Intraday: under pressure.

Pivot:

1.2760

Our preference:

Short positions below 1.2760 with targets at 1.2710 & 1.2690 in extension.

Alternative scenario:

Above 1.2760 look for further upside with 1.2780 & 1.2800 as targets.

Comment:

The RSI is bearish and calls for further decline.

Ether / Dollar intraday: the downside prevails as long as 2390 is resistance

Our pivot point is at 2390.

Our preference:

The downside prevails as long as 2390 is resistance.

Alternative scenario:

The upside breakout of 2390, would call for 2432 and 2458.

Comment:

The RSI is below 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 2373 and 2383).