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Market Analysis

EURUSD

EUR/USD Intraday: key resistance at 1.1510.

Pivot:

1.1510

Our preference:

Short positions below 1.1510 with targets at 1.1465 & 1.1445 in extension.

Alternative scenario:

Above 1.1510 look for further upside with 1.1535 & 1.1560 as targets.

Comment:

The upward potential is likely to be limited by the resistance at 1.1510.

USDJPY

USD/JPY Intraday: the upside prevails.

Pivot:

153.70

Our preference:

Long positions above 153.70 with targets at 154.35 & 154.65 in extension.

Alternative scenario:

Below 153.70 look for further downside with 153.35 & 152.95 as targets.

Comment:

The RSI lacks downward momentum.

GBPUSD

GBP/USD Intraday: key resistance at 1.3065.

Pivot:

1.3065

Our preference:

Short positions below 1.3065 with targets at 1.3005 & 1.2985 in extension.

Alternative scenario:

Above 1.3065 look for further upside with 1.3090 & 1.3110 as targets.

Comment:

The upward potential is likely to be limited by the resistance at 1.3065.

GOLD

Gold Intraday: bullish bias above 3957.00.

Pivot:

3957.00

Our preference:

Long positions above 3957.00 with targets at 4000.00 & 4015.00 in extension.

Alternative scenario:

Below 3957.00 look for further downside with 3943.00 & 3929.00 as targets.

Comment:

The RSI is above its neutrality area at 50%.

CRUDE OIL (WTI)

Crude Oil (WTI)‎ (Z5)‎ Intraday: watch 59.25.

Pivot:

60.00

Our preference:

Short positions below 60.00 with targets at 59.25 & 58.80 in extension.

Alternative scenario:

Above 60.00 look for further upside with 60.40 & 60.80 as targets.

Comment:

The break below 60.00 is a negative signal that has opened a path to 59.25.

NASDAQ 100 (CME)

Nasdaq 100 (CME)‎ (Z5)‎ Intraday: intraday support around 25690.00.

Pivot:

25690.00

Our preference:

Long positions above 25690.00 with targets at 25890.00 & 26030.00 in extension.

Alternative scenario:

Below 25690.00 look for further downside with 25540.00 & 25400.00 as targets.

Comment:

The RSI is mixed and calls for caution.

S&P 500 (CME)

S&P 500 (CME)‎ (Z5)‎ Intraday: caution.

Pivot:

6820.00

Our preference:

Long positions above 6820.00 with targets at 6857.00 & 6870.00 in extension.

Alternative scenario:

Below 6820.00 look for further downside with 6800.00 & 6775.00 as targets.

Comment:

A support base at 6820.00 has formed and has allowed for a temporary stabilisation.

DOW JONES (CME)

Dow Jones (CME)‎ (Z5)‎ Intraday: bullish bias above 47365.00.

Pivot:

47365.00

Our preference:

Long positions above 47365.00 with targets at 47680.00 & 47800.00 in extension.

Alternative scenario:

Below 47365.00 look for further downside with 47135.00 & 47000.00 as targets.

Comment:

The RSI is above its neutrality area at 50%.