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: intraday support around 3323.00. |
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| Pivot: |
| 3323.00 |
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| Our preference: |
| Long positions above 3323.00 with targets at 3345.00 & 3355.00 in extension. |
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| Alternative scenario: |
| Below 3323.00 look for further downside with 3311.00 & 3300.00 as targets. |
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| Comment: |
| The next resistances are at 3345.00 and then at 3355.00. |
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| Silver Intraday: bullish bias above 36.60. |
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| Pivot: |
| 36.60 |
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| Our preference: |
| Long positions above 36.60 with targets at 37.10 & 37.30 in extension. |
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| Alternative scenario: |
| Below 36.60 look for further downside with 36.35 & 36.20 as targets. |
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| Comment: |
| The next resistances are at 37.10 and then at 37.30. |
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| Crude Oil (WTI) (Q5) Intraday: key resistance at 66.70. |
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| Pivot: |
| 66.70 |
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| Our preference: |
| Short positions below 66.70 with targets at 65.95 & 65.45 in extension. |
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| Alternative scenario: |
| Above 66.70 look for further upside with 67.10 & 67.55 as targets. |
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| Comment: |
| The upward potential is likely to be limited by the resistance at 66.70. |
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| Dollar Index (ICE) Intraday: the downside prevails. |
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| Pivot: |
| 97.20 |
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| Our preference: |
| Short positions below 97.20 with targets at 96.65 & 96.50 in extension. |
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| Alternative scenario: |
| Above 97.20 look for further upside with 97.42 & 97.60 as targets. |
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| Comment: |
| The RSI is bearish and calls for further decline. |
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| EUR/USD intraday : target 1.1712 |
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| Our pivot point is at 1.1809. |
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| Our preference: |
| Target 1.1712 |
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| Alternative scenario: |
| Above 1.1809, look for 1.1840 and 1.1859. |
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| Comment: |
| The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (1.1776) but above its 50 period moving average (1.1772). |
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| SGX FTSE China A50 (Jul5) intraday: as long as 13572.50 is support look for 13925 |
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| Our pivot point stands at 13572.50. |
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| Our preference: |
| As long as 13572.50 is support look for 13925. |
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| Alternative scenario: |
| Below 13572.50, expect 13435 and 13355. |
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| Comment: |
| The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. SGX FTSE China A50 (Jul5) is trading above both its 20 and 50 period moving average (respectively at 13679.65 and 13643.92). |
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