Market Wrap: Stocks, Bonds, Commodities
EUR/USD Intraday: Break support levels
Our pivot point is at 1.21000
Preferable Price Action: Take Short positions below pivot level with targets at 1.20520 & 1.20280 in extension.
Alternative Price Action: Above pivot looks for further upside at 1.21500 & 1.21720.
Comment: Pair below its 20MA & 55MA and RSI below 50 levels.
Green Lines Indicate Resistance Levels – Red Lines Indicates Support Levels
Light Blue is a Pivot Point – Black represents the price when the report was produced
GBP/USD Intraday: Resistance at 1.40140
Our pivot point is at 1.40140
Preferable Price Action: Sell positions below pivot with targets at 1.39250 & 1.38850 in extension.
Alternative Price Action: The price above pivot would call for further upside to 1.41040 & 1.41460.
Comment: Price below its 55MA and RSI at 50 levels.
Green Lines Indicate Resistance Levels – Red Lines Indicates Support Levels
Light Blue is a Pivot Point – Black represents the price when the report was produced
USD/JPY Intraday: Support at 106.460
Our pivot point is at 106.460
Preferable Price Action: Buy position above with the target at 106.860 and 107.100 in extension.
Alternative Price Action: The downside breakout of pivot would call for 106.070 and 105.810.
Comment: price above 20MA & 55MA and MACD in positive territory.
Green Lines Indicate Resistance Levels – Red Lines Indicates Support Levels
Light Blue is a Pivot Point – Black represents the price when the report was produced
AUD/USD Intraday: Trend on the downside
Our pivot point is at 0.77900
Preferable Price Action: Sell Positions below pivot with targets at 0.77250 & 0.76940 in extension.
Alternative Price Action: Above pivot looks for further upside with 0.78550 & 0.78850 as targets.
Comment: Pair below its 20MA & 55MA an RSI at oversold levels.
Green Lines Indicate Resistance Levels – Red Lines Indicates Support Levels
Light Blue is a Pivot Point – Black represents the price when the report was produced
CRUDEOIL Intraday: Bias on the upside
Our pivot point is at 62.05
Preferable Price Action: Above pivots buy Oil with 63.00 & 63.60 as targets.
Alternative Price Action: Sell crude below pivot with targets at 61.10 and 60.50 in extension.
Comment: Crude above its 20MA & 55MA and MACD in negative territory.
Green Lines Indicate Resistance Levels – Red Lines Indicates Support Levels
Light Blue is a Pivot Point – Black represents the price when the report was produced
XAU/USD Intraday: Bias on the upside
Our pivot point is at 1746.70
Preferable Price Action: Further upside to 1763.00 & 1772.00.
Alternative Price Action: If the price gives a downside breakout of a pivot, then the price extends to 1731.00 and 1722.00.
Comment: MACD in positive territory and price above 20MA & 55MA.
Green Lines Indicate Resistance Levels – Red Lines Indicates Support Levels
Light Blue is a Pivot Point – Black represents the price when the report was produced
Dow Jones Intraday: Support at 31,130.00
Our pivot point is 31,130.00
Preferable Price Action: Take buy positions above pivot with targets at 31,430.00 & 31,600.00.
Alternative Price Action: Below 31,130.00 looks for further downside to 30,840.00 & 30,680.00.
Comment: Price above its 55MA & 20MA and RSI above 50 levels.
Green Lines Indicate Resistance Levels – Red Lines Indicates Support Levels
Light Blue is a Pivot Point – Black represents the price when the report was produced7