Here are today's directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you.
PrestigeGroup
 
Morning Technical report
April 27, 2024
 
 
 
Here are today's directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you.
 
Gold   Silver   Crude Oil (WTI)   Dollar Index (ICE)   EUR/USD   SGX FTSE China A50  
 
 
 
 
  Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
 
 
 
 
Gold Intraday: under pressure.
 
Pivot:
2350.00
 
Our preference:
Short positions below 2350.00 with targets at 2325.00 & 2312.00 in extension.
 
Alternative scenario:
Above 2350.00 look for further upside with 2363.00 & 2372.00 as targets.
 
Comment:
The RSI is below its neutrality area at 50%
 
 
 
 
 
 
Silver Intraday: intraday support around 27.40.
 
Pivot:
27.40
 
Our preference:
Long positions above 27.40 with targets at 27.85 & 28.05 in extension.
 
Alternative scenario:
Below 27.40 look for further downside with 27.14 & 26.96 as targets.
 
Comment:
The next resistances are at 27.85 and then at 28.05.
 
 
 
 
 
 
Crude Oil (WTI)‎ (M4)‎ Intraday: intraday support around 83.60.
 
Pivot:
83.60
 
Our preference:
Long positions above 83.60 with targets at 84.50 & 85.10 in extension.
 
Alternative scenario:
Below 83.60 look for further downside with 83.30 & 82.80 as targets.
 
Comment:
The RSI is below its neutrality area at 50% but reversing up.
 
 
 
 
 
 
Dollar Index (ICE)‎ Intraday: rebound.
 
Pivot:
105.5500
 
Our preference:
Long positions above 105.5500 with targets at 105.9000 & 106.0000 in extension.
 
Alternative scenario:
Below 105.5500 look for further downside with 105.4000 & 105.2000 as targets.
 
Comment:
The RSI shows upside momentum.
 
 
 
 
 
 
EUR/USD intraday: rebound towards 1.0727
 
Our pivot point stands at 1.0684.
 
Our preference:
Rebound towards 1.0727.
 
Alternative scenario:
Below 1.0684, expect 1.0669 and 1.0660.
 
Comment:
The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.0703 and 1.0719).
 
 
 
 
 
 
SGX FTSE China A50 (Apr4)‎ intraday: look for a drop towards 12250 before a bounce
 
Our pivot point stands at 12250.00.
 
Our preference:
Look for a drop towards 12250 before a bounce.
 
Alternative scenario:
Below 12250, expect 12175 and 12100.
 
Comment:
The RSI is above 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. SGX FTSE China A50 (Apr4) is trading above both its 20 and 50 period moving average (respectively at 12465.50 and 12414.60).
 
 
 
     
 
 
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