Gold Intraday May rise 0.71 %
Pivot: 1957.00
Our preference: long positions above 1957.00 with targets at 1968.00 & 1974.00 in extension.
Alternative scenario: below 1957.00 looks for further downside with 1951.00 & 1946.00 as targets.
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Silver Intraday May rise 1.49 % bullish bias above 23.24.
Pivot: 23.24
Our preference: long positions above 23.24 with targets at 23.70 & 23.85 in extension.
Alternative scenario: below 23.24 look for further downside with 23.08 & 22.89 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Crude Oil (WTI) (N3) Intraday May fall -3.90 %
Pivot: 69.15
Our preference: short positions below 69.15 with targets at 67.10 & 66.00 in extension.
Alternative scenario: above 69.15 look for further upside with 70.10 & 71.25 as targets.
Comment: as long as the resistance at 69.15 is not surpassed, the risk of a break below 67.10 remains high.
Natural Gas (NYMEX) (N3) intraday May rise 9.05 %
the pivot point is at 2.1900.
Our preference: short-term rebound towards 2.4200.
Alternative scenario: the downside breakout of 2.1900 would call for 2.1100 and 2.0600.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Natural Gas (NYMEX) (N3) is trading above its 20-period moving average (2.2640)
but under its 50-period moving average (2.2930).
Dow Jones (CME) (M3) Intraday May fall -0.73 %
Pivot: 33050.00
Our preference: short positions below 33050.00 with targets at 32820.00 & 32730.00 in extension.
Alternative scenario: above 33050.00 looks for further upside with 33160.00 & 33240.00 as targets.
Comment: the RSI lacks upward momentum.
S&P 500 (CME) (M3) Intraday May fall -0.91 %
Pivot: 4208.00
Our preference: short positions below 4208.00 with targets at 4174.00 & 4157.00 in extension.
Alternative scenario: above 4208.00 looks for further upside with 4220.00 & 4243.00 as targets.
Comment: as long as 4208.00 is resistance, look for choppy price action with a bearish bias.
Nasdaq 100 (CME) (M3) Intraday May fall -1.18 %
Pivot: 14430.00
Our preference: short positions below 14430.00 with targets at 14200.00 & 14130.00 in extension.
Alternative scenario: above 14430.00 looks for further upside with 14565.00 & 14740.00 as targets.
Comment: the RSI is below its neutrality area at 50%
Dax (Eurex) Intraday May fall -0.98 % choppy.
Pivot: 15870.00
Our preference: short positions below 15870.00 with targets at 15700.00 & 15630.00 in extension.
Alternative scenario: above 15870.00 looks for further upside with 15950.00 & 16019.00 as targets.
Comment: the RSI is below its neutrality area at 50% but reversing up.
Bitcoin / Dollar intraday May fall -2.41
Our pivot point stands at 27120.
Our preference: the downside prevails as long as 27120 is resistant.
Alternative scenario: above 27120, look for 27460 and 27670.
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 periods moving average (respectively at 26986 and 27036).
Litecoin / Dollar intraday May rise 3.56 %
90.5 is our pivot point.
Our preference: the upside prevails as long as 90.5 is supported.
Alternative scenario: below 90.5, expect 88.7 and 87.6.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 periods moving average (respectively at 90.8 and 89.9)
Ether / Dollar intraday May fall -2.87 %
1879 is our pivot point.
Our preference: the downside prevails as long as 1879 is resistance.
Alternative scenario: above 1879, look for 1907 and 1924.
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 is trading under both its 20 and 50-period moving averages (respectively at 1864 and 1865).
EUR/USD Intraday May rise 28-48 PIPS the upside prevails.
Pivot: 1.0665
Our preference: long positions above 1.0665 with targets at 1.0710 & 1.0730 in
extension. Alternative scenario: below 1.0665 looks for further downside with 1.0650 & 1.0635 as targets.
Comment: the RSI shows upside momentum
GBP/USD Intraday May rise 35-65 PIPS the upside prevails.
Pivot: 1.2400
Our preference: long positions above 1.2400 with targets at 1.2470 & 1.2500 in extension.
Alternative scenario: below 1.2400 looks for further downside with 1.2375 & 1.2345 as targets.
Comment: the RSI shows upside momentum.
AUD/USD Intraday May rise 17-37 PIPS
Pivot: 0.6485
Our preference: long positions above 0.6485 with targets at 0.6535 & 0.6555 in extension.
Alternative scenario: below 0.6485 looks for further downside with 0.6460 & 0.6440 as targets.
Comment: the RSI shows upside momentum.
USD/CAD Intraday May fall 25-40 PIPS the downside prevails.
Pivot: 1.3595
Our preference: short positions below 1.3595 with targets at 1.3540 & 1.3525 in extension.
Alternative scenario: above 1.3595 look for further upside with 1.3610 & 1.3630 as targets.
Comment: the RSI shows downside momentum.
USD/CHF Intraday May fall 16-31 PIPS under pressure.
Pivot: 0.9130
Our preference: short positions below 0.9130 with targets at 0.9090 & 0.9075 in extension.
Alternative scenario: above 0.9130 look for further upside with 0.9145 & 0.9160 as targets.
Comment: the RSI shows downside momentum.
USD/JPY Intraday May rise 59-94 PIPS rebound.
Pivot: 139.35
Our preference: long positions above 139.35 with targets at 140.00 & 140.35 in extension.
Alternative scenario: below 139.35 looks for further downside with 138.90 & 138.60 as targets.
Comment: the RSI shows upside momentum.
