Not every market is smiling today. But the ones that are? Worth watching.

MARKET ANALYSIS

USDJPY

USD/JPY intraday: 159.00 in sight.

Pivot:

158.45

Our preference:

Long positions above 158.45 with targets at 159.00 & 159.30 in extension.

Alternative scenario:

Below 158.45 look for further downside with 158.25 & 158.00 as targets.

Comment:

The next resistances are at 159.00 and then at 159.30.

EURUSD

EUR/USD intraday: 1.1600 in sight.

Pivot:

1.1645

Our preference:

Short positions below 1.1645 with targets at 1.1600 & 1.1575 in extension.

Alternative scenario:

Above 1.1645 look for further upside with 1.1670 & 1.1695 as targets.

Comment:

A break below 1.1600 would trigger a drop towards 1.1575.

GBPUSD

GBP/USD intraday: watch 1.3265.

Pivot:

1.3375

Our preference:

Short positions below 1.3375 with targets at 1.3265 & 1.3230 in extension.

Alternative scenario:

Above 1.3375 look for further upside with 1.3410 & 1.3445 as targets.

Comment:

As long as 1.3375 is resistance, likely decline to 1.3265.

CRUDE OIL (WTI)

Crude Oil (WTI)‎ (N6)‎ intraday: the upside prevails.

Pivot:

100.00

Our preference:

Long positions above 100.00 with targets at 103.80 & 105.50 in extension.

Alternative scenario:

Below 100.00 look for further downside with 99.00 & 98.10 as targets.

Comment:

The RSI is bullish and calls for further advance.

GOLD

Gold intraday: under pressure.

Pivot:

4572

Our preference:

Short positions below 4572 with targets at 4510 & 4490 in extension.

Alternative scenario:

Above 4572 look for further upside with 4590 & 4610 as targets.

Comment:

As long as the resistance at 4572 is not surpassed, the risk of the break below 4510 remains high.

DOW JONES

Dow Jones (CME)‎ (M6)‎ intraday: the downside prevails.

Pivot:

49720

Our preference:

Short positions below 49720 with targets at 49180 & 49030 in extension.

Alternative scenario:

Above 49720 look for further upside with 49850 & 49980 as targets.

Comment:

The RSI calls for a new downleg.

NASDAQ 100

Nasdaq 100 (CME)‎ (M6)‎ intraday: watch 28740.

Pivot:

29320

Our preference:

Short positions below 29320 with targets at 28860 & 28740 in extension.

Alternative scenario:

Above 29320 look for further upside with 29480 & 29610 as targets.

Comment:

The RSI is bearish and calls for further downside.

S&P 500

S&P 500 (CME)‎ (M6)‎ intraday: the downside prevails.

Pivot:

7455

Our preference:

Short positions below 7455 with targets at 7364 & 7330 in extension.

Alternative scenario:

Above 7455 look for further upside with 7485 & 7510 as targets.

Comment:

The RSI is bearish and calls for further decline.