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DAILY MARKET NEWSLETTER
November 25, 2022
 
   
 
Tesla   Amazon.com   Apple   Nasdaq 100 (CME)   S&P 500 (CME)   Gold (CME)   Crude Oil (WTI)   EUR/USD   Bitcoin / USD   Soybeans (CME)  
 
 
 
 
  Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
 
 
     
 
Tesla intraday: the upside prevails as long as 179 is support
 
Our pivot point is at 179.
 
Our preference:
The upside prevails as long as 179 is support.
 
Alternative scenario:
Below 179, expect 173.8 and 170.6.
 
Comment:
The RSI is above 70. It could mean either that prices are in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Tesla is above its 20 and 50 period moving average (respectively at 177.14 and 174.05).
 
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Amazon.com intraday: the upside prevails as long as 93 is support
 
Our pivot point stands at 93.
 
Our preference:
The upside prevails as long as 93 is support.
 
Alternative scenario:
Below 93, expect 91.75 and 91.
 
Comment:
The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Amazon.com is trading above both its 20 and 50 period moving average (respectively at 93.6 and 92.93).
 
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Apple intraday: the upside prevails as long as 150 is support
 
150 is our pivot point.
 
Our preference:
The upside prevails as long as 150 is support.
 
Alternative scenario:
The downside breakout of 150 would call for 148.6 and 147.8.
 
Comment:
The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Apple is above its 20 and 50 period moving average (respectively at 150.55 and 149.74).
 
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Nasdaq 100 (CME)‎ (Z2)‎ Intraday: bullish bias above 11750.00.
 
Pivot:
11750.00
 
Our preference:
Long positions above 11750.00 with targets at 11960.00 & 12080.00 in extension.
 
Alternative scenario:
Below 11750.00 look for further downside with 11665.00 & 11580.00 as targets.
 
Comment:
The RSI is mixed and calls for caution.
 
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S&P 500 (CME)‎ (Z2)‎ Intraday: bullish bias above 4005.00.
 
Pivot:
4005.00
 
Our preference:
Long positions above 4005.00 with targets at 4050.00 & 4080.00 in extension.
 
Alternative scenario:
Below 4005.00 look for further downside with 3990.00 & 3971.00 as targets.
 
Comment:
The RSI is mixed and calls for caution.
 
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Gold (CME)‎ Intraday: consolidation.
 
Pivot:
1772.00
 
Our preference:
Short positions below 1772.00 with targets at 1761.00 & 1756.00 in extension.
 
Alternative scenario:
Above 1772.00 look for further upside with 1777.00 & 1781.00 as targets.
 
Comment:
The RSI is bearish and calls for further decline.
 
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Crude Oil (WTI)‎ (F3)‎ Intraday: further upside.
 
Pivot:
78.60
 
Our preference:
Long positions above 78.60 with targets at 79.90 & 80.60 in extension.
 
Alternative scenario:
Below 78.60 look for further downside with 78.00 & 77.50 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 
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EUR/USD Intraday: key resistance at 1.0430.
 
Pivot:
1.0430
 
Our preference:
Short positions below 1.0430 with targets at 1.0360 & 1.0345 in extension.
 
Alternative scenario:
Above 1.0430 look for further upside with 1.0450 & 1.0470 as targets.
 
Comment:
The RSI shows downside momentum.
 
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Bitcoin / Dollar intraday: rebound towards 17090
 
Our pivot point is at 16180.
 
Our preference:
Rebound towards 17090.
 
Alternative scenario:
Below 16180, expect 15830 and 15610.
 
Comment:
The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (16457) but below its 50 period moving average (16520).
 
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Soybeans (CME)‎ (F3)‎ intraday: the upside prevails as long as 1426.25 is support
 
Our pivot point is at 1426.25.
 
Our preference:
The upside prevails as long as 1426.25 is support.
 
Alternative scenario:
Below 1426.25, expect 1414.75 and 1408.
 
Comment:
The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Soybeans (CME) (F3) is trading above both its 20 and 50 period moving average (respectively at 1431.13 and 1433.33).
 
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