TRADING CENTRAL

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

Crude Oil (WTI)‎ (M5)‎ Intraday: key resistance at 61.55.

Pivot:

61.55

Our preference:

Short positions below 61.55 with targets at 60.15 & 59.00 in extension.

Alternative scenario:

Above 61.55 look for further upside with 62.50 & 63.50 as targets.

Comment:

As long as the resistance at 61.55 is not surpassed, the risk of the break below 60.15 remains high.

Gold Intraday: aim @ 3265.00.

Pivot:

3210.00

Our preference:

Long positions above 3210.00 with targets at 3265.00 & 3285.00 in extension.

Alternative scenario:

Below 3210.00 look for further downside with 3190.00 & 3175.00 as targets.

Comment:

The RSI shows upside momentum.

Bitcoin / Dollar intraday: the RSI is oversold

Our pivot point stands at 85080.

Our preference:

The downside prevails as long as 85080 is resistance.

Alternative scenario:

The upside breakout of 85080, would call for 86900 and 87990.

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 negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 84304 and 84965).

USD/JPY Intraday: bullish bias above 142.55.

Pivot:

142.55

Our preference:

Long positions above 142.55 with targets at 143.60 & 144.00 in extension.

Alternative scenario:

Below 142.55 look for further downside with 142.20 & 141.90 as targets.

Comment:

A support base at 142.55 has formed and has allowed for a temporary stabilisation.

EUR/USD Intraday: watch 1.1260.

Pivot:

1.1330

Our preference:

Short positions below 1.1330 with targets at 1.1260 & 1.1230 in extension.

Alternative scenario:

Above 1.1330 look for further upside with 1.1365 & 1.1400 as targets.

Comment:

A break below 1.1260 would trigger a drop towards 1.1230.

Binance Coin / Dollar intraday: the downside prevails as long as 588.5 is resistance

Our pivot point is at 588.5.

Our preference:

The downside prevails as long as 588.5 is resistance.

Alternative scenario:

Above 588.5, look for 599.4 and 605.9.

Comment:

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 585.4 and 586.8).

Solana / Dollar intraday: the downside prevails as long as 129.6 is resistance

Our pivot point is at 129.6.

Our preference:

The downside prevails as long as 129.6 is resistance.

Alternative scenario:

The upside breakout of 129.6, would call for 133.6 and 135.9.

Comment:

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 128.2 and 130).