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Your Daily Technical Analysis Newsletter
April 18, 2024
 
   
 
EUR/USD   GBP/USD   Dow Jones (CME)   Gold   Dax (Eurex)   Brent (ICE)   Crude Oil (WTI)   Nasdaq 100 (CME)   Apple   Tesla  
 
 
 
 
  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 Futures Under Pressure
 
WTI crude-oil futures price remains on a downtrend. A further decline toward $81.90 on the downside will trigger a further drop toward $81.00. Only a rebound to the key resistance at $83.80 will halt the current decline.
 
WATCH NOW
 
 
     
 
EUR/USD Intraday: the upside prevails.
 
Pivot:
1.0660
 
Our preference:
Long positions above 1.0660 with targets at 1.0690 & 1.0700 in extension.
 
Alternative scenario:
Below 1.0660 look for further downside with 1.0645 & 1.0625 as targets.
 
Comment:
The RSI shows upside momentum.
 
Analyst Views Chart
 
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GBP/USD Intraday: the upside prevails.
 
Pivot:
1.2440
 
Our preference:
Long positions above 1.2440 with targets at 1.2485 & 1.2500 in extension.
 
Alternative scenario:
Below 1.2440 look for further downside with 1.2420 & 1.2400 as targets.
 
Comment:
The RSI is mixed to bullish.
 
Analyst Views Chart
 
Trade Now
 
 
 
 
 
Dow Jones (CME)‎ (M4)‎ Intraday: key resistance at 38260.00.
 
Pivot:
38260.00
 
Our preference:
Short positions below 38260.00 with targets at 37940.00 & 37840.00 in extension.
 
Alternative scenario:
Above 38260.00 look for further upside with 38420.00 & 38570.00 as targets.
 
Comment:
As long as 38260.00 is resistance, look for choppy price action with a bearish bias.
 
Analyst Views Chart
 
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Gold Intraday: continuation of the rebound.
 
Pivot:
2373.00
 
Our preference:
Long positions above 2373.00 with targets at 2398.00 & 2409.00 in extension.
 
Alternative scenario:
Below 2373.00 look for further downside with 2364.00 & 2354.00 as targets.
 
Comment:
The RSI calls for a rebound.
 
Analyst Views Chart
 
Trade Now
 
 
 
 
 
Dax (Eurex)‎ (M4)‎ Intraday: intraday support around 17951.00.
 
Pivot:
17951.00
 
Our preference:
Long positions above 17951.00 with targets at 18074.00 & 18127.00 in extension.
 
Alternative scenario:
Below 17951.00 look for further downside with 17886.00 & 17830.00 as targets.
 
Comment:
The RSI is mixed and calls for caution.
 
Analyst Views Chart
 
Trade Now
 
 
 
 
 
Brent (ICE)‎ (M4)‎ Intraday: the downside prevails.
 
Pivot:
87.60
 
Our preference:
Short positions below 87.60 with targets at 85.50 & 85.00 in extension.
 
Alternative scenario:
Above 87.60 look for further upside with 88.40 & 88.80 as targets.
 
Comment:
The RSI is bearish and calls for further downside.
 
Analyst Views Chart
 
Trade Now
 
 
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Crude Oil (WTI)‎ (K4)‎ Intraday: towards 80.60.
 
Pivot:
83.00
 
Our preference:
Short positions below 83.00 with targets at 81.00 & 80.60 in extension.
 
Alternative scenario:
Above 83.00 look for further upside with 83.80 & 84.30 as targets.
 
Comment:
The RSI is bearish and calls for further downside.
 
Analyst Views Chart
 
Trade Now
 
 
 
 
 
Nasdaq 100 (CME)‎ (M4)‎ Intraday: key resistance at 17790.00.
 
Pivot:
17790.00
 
Our preference:
Short positions below 17790.00 with targets at 17650.00 & 17590.00 in extension.
 
Alternative scenario:
Above 17790.00 look for further upside with 17870.00 & 17950.00 as targets.
 
Comment:
As long as the resistance at 17790.00 is not surpassed, the risk of the break below 17650.00 remains high.
 
Analyst Views Chart
 
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Apple Intraday: under pressure.
 
Pivot:
170.50
 
Our preference:
Short positions below 170.50 with targets at 167.00 & 164.00 in extension.
 
Alternative scenario:
Above 170.50 look for further upside with 174.00 & 176.60 as targets.
 
Comment:
The RSI shows downside momentum.
 
Analyst Views Chart
 
Trade Now
 
 
 
 
 
Tesla Intraday: intraday support around 154.00.
 
Pivot:
154.00
 
Our preference:
Long positions above 154.00 with targets at 161.40 & 164.30 in extension.
 
Alternative scenario:
Below 154.00 look for further downside with 151.50 & 149.70 as targets.
 
Comment:
The next resistances are at 161.40 and then at 164.30.
 
Analyst Views Chart
 
Trade Now
 
 
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