Two bright spots. The rest? Patience.

MARKET ANALYSIS

USDJPY

USD/JPY intraday: bullish bias above 162.30.

Pivot:162.30

Our preference:

Long positions above 162.30 with targets at 162.70 & 162.85 in extension.

Alternative scenario:

Below 162.30 look for further downside with 162.15 & 162.00 as targets.

Comment:

The RSI advocates for further advance.

EURUSD

EUR/USD intraday: the downside prevails.

Pivot:1.1440

Our preference:

Short positions below 1.1440 with targets at 1.1410 & 1.1390 in extension.

Alternative scenario:

Above 1.1440 look for further upside with 1.1455 & 1.1475 as targets.

Comment:

The RSI is bearish and calls for further decline.

GBPUSD

GBP/USD intraday: 1.3400 in sight.

Pivot:1.3460

Our preference:

Short positions below 1.3460 with targets at 1.3425 & 1.3400 in extension.

Alternative scenario:

Above 1.3460 look for further upside with 1.3480 & 1.3500 as targets.

Comment:

As long as the resistance at 1.3460 is not surpassed, the risk of the break below 1.3425 remains high.

CRUDE OIL (WTI)

Crude Oil (WTI)‎ (U6)‎ intraday: the upside prevails.

Pivot:82.85

Our preference:

Long positions above 82.85 with targets at 85.30 & 87.00 in extension.

Alternative scenario:

Below 82.85 look for further downside with 82.10 & 81.10 as targets.

Comment:

The RSI shows upside momentum.

GOLD

Gold intraday: under pressure.

Pivot:4024

Our preference:

Short positions below 4024 with targets at 3965 & 3942 in extension.

Alternative scenario:

Above 4024 look for further upside with 4040 & 4071 as targets.

Comment:

The RSI has just struck against its neutrality area at 50% and is reversing down.

DOW JONES

Dow Jones (CME)‎ (U6)‎ intraday: look for 51980.

Pivot:52550

Our preference:

Short positions below 52550 with targets at 52150 & 51980 in extension.

Alternative scenario:

Above 52550 look for further upside with 52780 & 52990 as targets.

Comment:

Technically the RSI is below its neutrality area at 50.

NASDAQ 100

Nasdaq 100 (CME)‎ (U6)‎ intraday: look for 28230.

Pivot:29055

Our preference:

Short positions below 29055 with targets at 28590 & 28230 in extension.

Alternative scenario:

Above 29055 look for further upside with 29350 & 29540 as targets.

Comment:

The RSI is below its neutrality area at 50%

S&P 500

S&P 500 (CME)‎ (U6)‎ intraday: aim @ 7430.

Pivot:7550

Our preference:

Short positions below 7550 with targets at 7455 & 7430 in extension.

Alternative scenario:

Above 7550 look for further upside with 7575 & 7610 as targets.

Comment:

The RSI is below its neutrality area at 50%