DAILY MARKET NEWSLETTER 27/03/2024

2024-03-27 09:00
 
 
  Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
 
 
     
 
Crude Oil (WTI)‎ (K4)‎ Intraday: under pressure.
 
Pivot:
81.80
 
Our preference:
Short positions below 81.80 with targets at 80.80 & 80.40 in extension.
 
Alternative scenario:
Above 81.80 look for further upside with 82.25 & 82.60 as targets.
 
Comment:
The RSI is bearish and calls for further decline.
 
Analyst Views Chart
 
 
 
 
 
Bitcoin / Dollar intraday: the downside prevails as long as 71030 is resistance
 
Our pivot point is at 71030.
 
Our preference:
The downside prevails as long as 71030 is resistance.
 
Alternative scenario:
Above 71030, look for 72540 and 73440.
 
Comment:
The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 70187 and 70377).
 
Analyst Views Chart
 
 
 
 
 
GBP/USD Intraday: expect 1.2590.
 
Pivot:
1.2650
 
Our preference:
Short positions below 1.2650 with targets at 1.2610 & 1.2590 in extension.
 
Alternative scenario:
Above 1.2650 look for further upside with 1.2665 & 1.2680 as targets.
 
Comment:
The RSI advocates for further decline.
 
Analyst Views Chart
 
 
 
 
 
EUR/USD Intraday: towards 1.0800.
 
Pivot:
1.0850
 
Our preference:
Short positions below 1.0850 with targets at 1.0815 & 1.0800 in extension.
 
Alternative scenario:
Above 1.0850 look for further upside with 1.0865 & 1.0880 as targets.
 
Comment:
The RSI is bearish and calls for further downside.
 
Analyst Views Chart
 
 
 
 
 
Nasdaq 100 (CME)‎ (M4)‎ Intraday: under pressure.
 
Pivot:
18510.00
 
Our preference:
Short positions below 18510.00 with targets at 18410.00 & 18350.00 in extension.
 
Alternative scenario:
Above 18510.00 look for further upside with 18570.00 & 18620.00 as targets.
 
Comment:
The RSI is below its neutrality area at 50%
 
Analyst Views Chart
 
 
 
 
 
Ether / Dollar intraday: the downside prevails as long as 3643 is resistance
 
Our pivot point is at 3643.
 
Our preference:
The downside prevails as long as 3643 is resistance.
 
Alternative scenario:
Above 3643, look for 3719 and 3765.
 
Comment:
The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 3593 and 3613).
 
Analyst Views Chart
 
 
 
 

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