Crude Oil (WTI) (N5) – Intraday Outlook: Bearish Bias

The current intraday view for Crude Oil (WTI) favors the downside. Our short-term strategy is to initiate short positions below the 61.80 pivot level, targeting 60.90, with a further extension to 60.65.

Alternative Scenario: A break above 61.80 could see further upside towards 62.15 and 62.55.
Technical Confirmation: The Relative Strength Index (RSI) is currently bearish, supporting the projected downside movement.”

Gold

“Gold Intraday Outlook: Choppy with Bearish Bias

The intraday outlook for Gold is currently choppy. Our preference is for short positions below the 3348.00 pivot, targeting 3322.00 and potentially extending to 3313.00.

Alternative Scenario: A move above 3348.00 could signal further upside towards 3356.00 and 3365.00.
Commentary: As long as 3348.00 acts as resistance, expect continued choppy price action with an underlying bearish bias.

Bitcoin / Dollar (BTC/USD) Intraday: Downside Prevails

Bitcoin’s intraday outlook remains bearish as long as 110260 acts as resistance.

Our Preference: Short positions are favored below 110260.
Alternative: A move above 110260 could target 111980 and 113000.
Technical Indicators: The RSI is below 50, the MACD is negative and below its signal line, and price is trading below both its 20-period (109077) and 50-period (109461) moving averages, all indicating a negative configuration.

GBP/USD Intraday Outlook: Bullish Bias Above 1.3545

The intraday outlook for GBP/USD is bullish as long as the price remains above the 1.3545 pivot level.

Our Preference: We favor long positions above 1.3545, targeting 1.3595 and potentially extending to 1.3620.
Alternative Scenario: A break below 1.3545 could lead to further downside, with targets at 1.3520 and 1.3495.
Commentary: While a continuation of consolidation is possible, its downside potential is expected to be limited.

“USD/JPY Intraday Outlook: Bearish Below 143.00

USD/JPY faces key resistance at 143.00, which serves as our pivot point.

Our Preference: We favor short positions below 143.00, targeting 141.80 and potentially extending to 141.40.
Alternative Scenario: A break above 143.00 could see further upside towards 143.35 and 143.75.
Commentary: As long as 143.00 remains unbroken, the risk of a move below 141.80 is high.

EUR/USD Intraday Outlook: Bullish Above 1.1370

The intraday outlook for EUR/USD is bullish, underpinned by a support base at 1.1370, which serves as our pivot point.

Our Preference: We favor long positions above 1.1370, targeting 1.1415 and potentially extending to 1.1435.
Alternative Scenario: A break below 1.1370 could lead to further downside, with targets at 1.1350 and 1.1330.