The newsletter that gives you the complete outlook on everything that is happening on the market. Use it to research and identify your own trading opportunities!
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Your Daily Technical Analysis Newsletter |
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The newsletter that gives you the complete outlook on everything that is happening on the market. Use it to research and identify your own trading opportunities! |
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Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out. |
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Web TV from Trading Central |
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WTI Crude Futures Under Pressure |
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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.
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EUR/USD Intraday: the upside prevails. |
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Pivot: |
1.0660 |
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Our preference: |
Long positions above 1.0660 with targets at 1.0690 & 1.0700 in extension. |
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Alternative scenario: |
Below 1.0660 look for further downside with 1.0645 & 1.0625 as targets. |
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Comment: |
The RSI shows upside momentum. |
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GBP/USD Intraday: the upside prevails. |
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Pivot: |
1.2440 |
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Our preference: |
Long positions above 1.2440 with targets at 1.2485 & 1.2500 in extension. |
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Alternative scenario: |
Below 1.2440 look for further downside with 1.2420 & 1.2400 as targets. |
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Comment: |
The RSI is mixed to bullish. |
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Dow Jones (CME) (M4) Intraday: key resistance at 38260.00. |
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Pivot: |
38260.00 |
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Our preference: |
Short positions below 38260.00 with targets at 37940.00 & 37840.00 in extension. |
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Alternative scenario: |
Above 38260.00 look for further upside with 38420.00 & 38570.00 as targets. |
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Comment: |
As long as 38260.00 is resistance, look for choppy price action with a bearish bias. |
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Gold Intraday: continuation of the rebound. |
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Pivot: |
2373.00 |
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Our preference: |
Long positions above 2373.00 with targets at 2398.00 & 2409.00 in extension. |
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Alternative scenario: |
Below 2373.00 look for further downside with 2364.00 & 2354.00 as targets. |
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Comment: |
The RSI calls for a rebound. |
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Dax (Eurex) (M4) Intraday: intraday support around 17951.00. |
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Pivot: |
17951.00 |
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Our preference: |
Long positions above 17951.00 with targets at 18074.00 & 18127.00 in extension. |
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Alternative scenario: |
Below 17951.00 look for further downside with 17886.00 & 17830.00 as targets. |
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Comment: |
The RSI is mixed and calls for caution. |
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Brent (ICE) (M4) Intraday: the downside prevails. |
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Pivot: |
87.60 |
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Our preference: |
Short positions below 87.60 with targets at 85.50 & 85.00 in extension. |
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Alternative scenario: |
Above 87.60 look for further upside with 88.40 & 88.80 as targets. |
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Comment: |
The RSI is bearish and calls for further downside. |
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Crude Oil (WTI) (K4) Intraday: towards 80.60. |
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Pivot: |
83.00 |
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Our preference: |
Short positions below 83.00 with targets at 81.00 & 80.60 in extension. |
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Alternative scenario: |
Above 83.00 look for further upside with 83.80 & 84.30 as targets. |
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Comment: |
The RSI is bearish and calls for further downside. |
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Nasdaq 100 (CME) (M4) Intraday: key resistance at 17790.00. |
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Pivot: |
17790.00 |
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Our preference: |
Short positions below 17790.00 with targets at 17650.00 & 17590.00 in extension. |
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Alternative scenario: |
Above 17790.00 look for further upside with 17870.00 & 17950.00 as targets. |
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Comment: |
As long as the resistance at 17790.00 is not surpassed, the risk of the break below 17650.00 remains high. |
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Apple Intraday: under pressure. |
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Pivot: |
170.50 |
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Our preference: |
Short positions below 170.50 with targets at 167.00 & 164.00 in extension. |
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Alternative scenario: |
Above 170.50 look for further upside with 174.00 & 176.60 as targets. |
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Comment: |
The RSI shows downside momentum. |
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Tesla Intraday: intraday support around 154.00. |
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Pivot: |
154.00 |
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Our preference: |
Long positions above 154.00 with targets at 161.40 & 164.30 in extension. |
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Alternative scenario: |
Below 154.00 look for further downside with 151.50 & 149.70 as targets. |
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Comment: |
The next resistances are at 161.40 and then at 164.30. |
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