Forex, Indices and Commodity Trade Ideas for Today

Summary:
• We give you a brief of the key asset trade ideas for today, including an outline of key price movement levels.

EURUSD

• Preferred Tactical Scenario:
Long positions above 1.0775 with targets at 1.0795 & 1.0805 in extension.
• Alternative Tactical Scenario:
Below 1.0775 look for further downside with 1.0760 & 1.0745 as targets.
• Technical Indicator Observation:
The RSI is bullish and calls for further advance
Key Levels

GBPUSD

Preferred Tactical Scenario:
Long positions above 1.2535 with targets at 1.2575 & 1.2595 in extension.
• Alternative Tactical Scenario:
Below 1.2535 look for further downside with 1.2515 & 1.2500 as targets.
• Technical Indicator Observation:
The RSI is bullish and calls for further advance.

Key Levels

USDJPY

• Preferred Tactical Scenario:
Long positions above 156.10 with targets at 156.70 & 156.90 in extension.
• Alternative Tactical Scenario:
Below 156.10 look for further downside with 155.90 & 155.70 as targets.
• Technical Indicator Observation:
The RSI shows upside momentum

Key Levels

Gold

• Preferred Tactical Scenario:
Short positions below 2348.00 with targets at 2335.00 & 2329.00 in extension.
• Alternative Tactical Scenario:
Above 2348.00 look for further upside with 2360.00 & 2371.00 as targets.
• Technical Indicator Observation:
As long as the resistance at 2348.00 is not surpassed, the risk of the break below 2335.00 remains high.
Key Levels

Silver

• Preferred Tactical Scenario:
Long positions above 28.19 with targets at 28.60 & 28.76 in extension.
• Alternative Tactical Scenario:
Below 28.19 look for further downside with 28.05 & 27.95 as targets.
• Technical Indicator Observation:
The RSI is bullish and calls for further advance
Key Levels

Oil

• Preferred Tactical Scenario:
Long positions above 78.60 with targets at 79.50 & 79.95 in extension.
• Alternative Tactical Scenario:
Below 78.60 look for further downside with 78.10 & 77.75 as targets.
• Technical Indicator Observation:
The next resistances are at 79.50 and then at 79.95.
Key Levels

Dow Jones

• Preferred Tactical Scenario:
Short positions below 39630 with targets at 39250 & 38970 in extension.
• Alternative Tactical Scenario:
Above 39630 look for further upside with 39870 & 40000 as targets.
• Technical Indicator Observation:
The RSI is below its neutrality area at 50%.
Key Levels

Nasdaq 100

• Preferred Tactical Scenario:
Short positions below 18290.00 with targets at 18040.00 & 17920.00 in extension.
• Alternative Tactical Scenario:
Above 18290.00 look for further upside with 18360.00 & 18460.00 as targets.
• Technical Indicator Observation:
The RSI is posting a bearish divergence (not confirmed yet)
Key Levels

S&P 500

• Preferred Tactical Scenario:
Short positions below 5240.00 with targets at 5200.00 & 5165.00 in extension.
• Alternative Tactical Scenario:
Above 5240.00 look for further upside with 5260.00 & 5278.00 as targets.
• Technical Indicator Observation:
The RSI is around its neutrality area at 50%.

Key Levels