Flash Analysis: What's Influencing the Markets?

Market Analysis

USDJPY

USD/JPY Intraday: key resistance at 156.45.

Pivot:

156.45

Our preference:

Short positions below 156.45 with targets at 156.10 & 155.90 in extension.

Alternative scenario:

Above 156.45 look for further upside with 156.70 & 156.95 as targets.

Comment:

The RSI lacks upward momentum.

EURUSD

EUR/USD Intraday: the upside prevails.

Pivot:

1.1575

Our preference:

Long positions above 1.1575 with targets at 1.1610 & 1.1625 in extension.

Alternative scenario:

Below 1.1575 look for further downside with 1.1560 & 1.1545 as targets.

Comment:

The RSI advocates for further upside.

GBPUSD

GBP/USD Intraday: bullish bias above 1.3205.

Pivot:

1.3205

Our preference:

Long positions above 1.3205 with targets at 1.3255 & 1.3270 in extension.

Alternative scenario:

Below 1.3205 look for further downside with 1.3185 & 1.3165 as targets.

Comment:

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

CRUDE OIL (WTI)

Crude Oil (WTI)‎ (F6)‎ Intraday: bullish bias above 58.60.

Pivot:

58.60

Our preference:

Long positions above 58.60 with targets at 59.20 & 59.50 in extension.

Alternative scenario:

Below 58.60 look for further downside with 58.25 & 57.90 as targets.

Comment:

The RSI is above its neutrality area at 50%.

GOLD

Gold Intraday: the bias remains bullish.

Pivot:

4140

Our preference:

Long positions above 4140 with targets at 4173 & 4185 in extension.

Alternative scenario:

Below 4140 look for further downside with 4128 & 4109 as targets.

Comment:

The RSI lacks downward momentum.

S&P 500 (CME)

S&P 500 (CME)‎ (Z5)‎ Intraday: further advance.

Pivot:

6810

Our preference:

Long positions above 6810 with targets at 6845 & 6865 in extension.

Alternative scenario:

Below 6810 look for further downside with 6785 & 6755 as targets.

Comment:

The RSI is bullish and calls for further upside.

NASDAQ 100 (CME)

Nasdaq 100 (CME)‎ (Z5)‎ Intraday: further upside.

Pivot:

25230

Our preference:

Long positions above 25230 with targets at 25375 & 25500 in extension.

Alternative scenario:

Below 25230 look for further downside with 25140 & 25070 as targets.

Comment:

The RSI advocates for further advance.

DOW JONES (CME)

Dow Jones (CME)‎ (Z5)‎ Intraday: the upside prevails.

Pivot:

47300

Our preference:

Long positions above 47300 with targets at 47620 & 47800 in extension.

Alternative scenario:

Below 47300 look for further downside with 47150 & 46935 as targets.

Comment:

The RSI calls for a bounce.