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Your Daily Technical Analysis Newsletter
June 17, 2024
 
   
 
EUR/USD   GBP/USD   Dow Jones (CME)   Gold   Dax (Eurex)   Brent (ICE)   Nasdaq 100 (CME)   Apple   Tesla   Crude Oil (WTI)  
 
 
 
 
  Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
 
 
     
 
 
Web TV from Trading Central
 
 
 
WTI Crude Oil Futures: Expecting to test $77.35
 
Crude Oil WTI dropped below both 20-period and 50-period moving averages. As long as $78.35 acts as intraday resistance level, the technical outlook is still bearish.
 
WATCH NOW
 
 
     
 
EUR/USD Intraday: under pressure.
 
Pivot:
1.0725
 
Our preference:
Short positions below 1.0725 with targets at 1.0665 & 1.0650 in extension.
 
Alternative scenario:
Above 1.0725 look for further upside with 1.0745 & 1.0770 as targets.
 
Comment:
As long as 1.0725 is resistance, look for choppy price action with a bearish bias.
 
Analyst Views Chart
 
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GBP/USD Intraday: under pressure.
 
Pivot:
1.2700
 
Our preference:
Short positions below 1.2700 with targets at 1.2650 & 1.2625 in extension.
 
Alternative scenario:
Above 1.2700 look for further upside with 1.2730 & 1.2745 as targets.
 
Comment:
As long as the resistance at 1.2700 is not surpassed, the risk of the break below 1.2650 remains high.
 
Analyst Views Chart
 
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Dow Jones (CME)‎ (U4)‎ Intraday: intraday support around 38850.00.
 
Pivot:
38850.00
 
Our preference:
Long positions above 38850.00 with targets at 39110.00 & 39300.00 in extension.
 
Alternative scenario:
Below 38850.00 look for further downside with 38700.00 & 38550.00 as targets.
 
Comment:
The RSI is above its neutrality area at 50%.
 
Analyst Views Chart
 
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Gold Intraday: bullish bias above 2316.00.
 
Pivot:
2316.00
 
Our preference:
Long positions above 2316.00 with targets at 2331.00 & 2340.00 in extension.
 
Alternative scenario:
Below 2316.00 look for further downside with 2307.00 & 2295.00 as targets.
 
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 
Analyst Views Chart
 
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Dax (Eurex)‎ (M4)‎ Intraday: intraday support around 17955.00.
 
Pivot:
17955.00
 
Our preference:
Long positions above 17955.00 with targets at 18157.00 & 18236.00 in extension.
 
Alternative scenario:
Below 17955.00 look for further downside with 17889.00 & 17805.00 as targets.
 
Comment:
A support base at 17955.00 has formed and has allowed for a temporary stabilisation.
 
Analyst Views Chart
 
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Brent (ICE)‎ (Q4)‎ Intraday: choppy.
 
Pivot:
82.95
 
Our preference:
Short positions below 82.95 with targets at 82.20 & 81.80 in extension.
 
Alternative scenario:
Above 82.95 look for further upside with 83.35 & 83.70 as targets.
 
Comment:
As long as 82.95 is resistance, look for choppy price action with a bearish bias.
 
Analyst Views Chart
 
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Nasdaq 100 (CME)‎ (U4)‎ Intraday: 20120.00 in sight.
 
Pivot:
19860.00
 
Our preference:
Long positions above 19860.00 with targets at 20050.00 & 20120.00 in extension.
 
Alternative scenario:
Below 19860.00 look for further downside with 19760.00 & 19700.00 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 
Analyst Views Chart
 
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Apple Intraday: bullish bias above 207.00.
 
Pivot:
207.00
 
Our preference:
Long positions above 207.00 with targets at 220.00 & 223.00 in extension.
 
Alternative scenario:
Below 207.00 look for further downside with 201.00 & 197.00 as targets.
 
Comment:
The RSI is mixed to bullish.
 
Analyst Views Chart
 
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Tesla Intraday: under pressure.
 
Pivot:
180.50
 
Our preference:
Short positions below 180.50 with targets at 176.00 & 172.00 in extension.
 
Alternative scenario:
Above 180.50 look for further upside with 185.75 & 191.00 as targets.
 
Comment:
The RSI is below its neutrality area at 50%
 
Analyst Views Chart
 
Trade Now
 
 
 
 
 
Crude Oil (WTI)‎ (Q4)‎ Intraday: choppy.
 
Pivot:
78.35
 
Our preference:
Short positions below 78.35 with targets at 77.60 & 77.35 in extension.
 
Alternative scenario:
Above 78.35 look for further upside with 78.70 & 78.95 as targets.
 
Comment:
The RSI is mixed to bearish.
 
Analyst Views Chart
 
Trade Now
 
 
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