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.
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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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| Gold Intraday: under pressure. |
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| Pivot: |
| 2664.00 |
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| Our preference: |
| Short positions below 2664.00 with targets at 2630.00 & 2617.00 in extension. |
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| Alternative scenario: |
| Above 2664.00 look for further upside with 2686.00 & 2703.00 as targets. |
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| Comment: |
| The RSI is below its neutrality area at 50% |
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| Silver Intraday: intraday support around 29.48. |
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| Pivot: |
| 29.48 |
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| Our preference: |
| Long positions above 29.48 with targets at 29.90 & 30.10 in extension. |
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| Alternative scenario: |
| Below 29.48 look for further downside with 29.15 & 29.00 as targets. |
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| Comment: |
| The RSI is around its neutrality area at 50% |
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| Crude Oil (WTI) (G5) Intraday: intraday support around 73.40. |
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| Pivot: |
| 73.40 |
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| Our preference: |
| Long positions above 73.40 with targets at 74.70 & 75.30 in extension. |
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| Alternative scenario: |
| Below 73.40 look for further downside with 72.70 & 72.20 as targets. |
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| Comment: |
| The next resistances are at 74.70 and then at 75.30. |
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| Dollar Index (ICE) Intraday: intraday support around 108.8000. |
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| Pivot: |
| 108.8000 |
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| Our preference: |
| Long positions above 108.8000 with targets at 109.2500 & 109.5000 in extension. |
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| Alternative scenario: |
| Below 108.8000 look for further downside with 108.5000 & 108.3000 as targets. |
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| Comment: |
| Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. |
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| EUR/USD intraday: the upside prevails as long as 1.0282 is support |
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| 1.0282 is our pivot point. |
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| Our preference: |
| The upside prevails as long as 1.0282 is support. |
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| Alternative scenario: |
| The downside breakout of 1.0282 would call for 1.0254 and 1.0238. |
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| Comment: |
| The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0297 and 1.0283). |
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| SGX FTSE China A50 (Jan5) intraday: short term rebound |
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| Our pivot point stands at 12800.00. |
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| Our preference: |
| Short term rebound. |
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| Alternative scenario: |
| The downside breakout of 12800 would call for 12722.50 and 12645. |
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| Comment: |
| The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. SGX FTSE China A50 (Jan5) stands above its 20 period moving average (13024.30) but below its 50 period moving average (13052.08). |
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