Key Trading Levels

MARKET ANALYSIS

EURUSD

EUR/USD Intraday: the downside prevails.

Pivot:

1.1545

Our preference:

Short positions below 1.1545 with targets at 1.1500 & 1.1480 in extension.

Alternative scenario:

Above 1.1545 look for further upside with 1.1565 & 1.1585 as targets.

Comment:

The RSI advocates for further downside.

USDJPY

USD/JPY Intraday: 160.00 in sight.

Pivot:

158.85

Our preference:

Long positions above 158.85 with targets at 159.70 & 160.00 in extension.

Alternative scenario:

Below 158.85 look for further downside with 158.55 & 158.25 as targets.

Comment:

The RSI advocates for further upside.

GBPUSD

GBP/USD Intraday: under pressure.

Pivot:

1.3375

Our preference:

Short positions below 1.3375 with targets at 1.3330 & 1.3305 in extension.

Alternative scenario:

Above 1.3375 look for further upside with 1.3400 & 1.3420 as targets.

Comment:

A break below 1.3330 would trigger a drop towards 1.3305.

GOLD

Gold Intraday: key resistance at 5135.

Pivot:

5135

Our preference:

Short positions below 5135 with targets at 5055 & 5015 in extension.

Alternative scenario:

Above 5135 look for further upside with 5155 & 5185 as targets.

Comment:

As long as the resistance at 5135 is not surpassed, the risk of the break below 5055 remains high.

CRUDE OIL (WTI)

Crude Oil (WTI)‎ (J6)‎ Intraday: the bias remains bullish.

Pivot:

92.75

Our preference:

Long positions above 92.75 with targets at 100.50 & 103.50 in extension.

Alternative scenario:

Below 92.75 look for further downside with 88.80 & 85.00 as targets.

Comment:

The next resistances are at 100.50 and then at 103.50.

DOW JONES

Dow Jones (CME)‎ (H6)‎ Intraday: under pressure.

Pivot:

47030

Our preference:

Short positions below 47030 with targets at 46500 & 46330 in extension.

Alternative scenario:

Above 47030 look for further upside with 47240 & 47480 as targets.

Comment:

The RSI is below its neutrality area at 50%

NASDAQ 100

Nasdaq 100 (CME)‎ (H6)‎ Intraday: the downside prevails.

Pivot:

24720

Our preference:

Short positions below 24720 with targets at 24450 & 24310 in extension.

Alternative scenario:

Above 24720 look for further upside with 24900 & 25000 as targets.

Comment:

The RSI shows downside momentum.

S&P 500

S&P 500 (CME)‎ (H6)‎ Intraday: the downside prevails.

Pivot:

6710

Our preference:

Short positions below 6710 with targets at 6655 & 6625 in extension.

Alternative scenario:

Above 6710 look for further upside with 6760 & 6785 as targets.

Comment:

As long as 6710 is resistance, likely decline to 6655.