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The daily update for Trading during next hours 22 Feb. 2021 (the time now is 4.30 am GMT)
Important note: The market is subject to fluctuations sometimes according to news so low leverage is recommended.
Our source and the experts give for trading next hours, Feel free to forward this link to a friend:
Oil - WTI CRUDE - F20
Pivot: 58.60
Most Likely Scenario:
Long positions above 58.60 with targets at 60.30 & 61.25 in extension.
Alternative scenario:
Below 58.60 look for further downside with 57.90 & 57.25 as targets.
Note: The RSI calls for a bounce
Most Likely Scenario:
Long positions above 58.60 with targets at 60.30 & 61.25 in extension.
Alternative scenario:
Below 58.60 look for further downside with 57.90 & 57.25 as targets.
Note: The RSI calls for a bounce
Gold
Pivot: 1774.00
Most Likely Scenario:
Long positions above 1774.00 with targets at 1793.00 & 1805.00 in extension.
Alternative scenario:
Below 1774.00 look for further downside with 1760.00 & 1750.00 as targets.
Note: The RSI is mixed with a bullish bias.
Most Likely Scenario:
Long positions above 1774.00 with targets at 1793.00 & 1805.00 in extension.
Alternative scenario:
Below 1774.00 look for further downside with 1760.00 & 1750.00 as targets.
Note: The RSI is mixed with a bullish bias.
Dow Jones - DJ30 - Wall Street
Pivot: 31580.00
Most Likely Scenario:
Short positions below 31580.00 with targets at 31300.00 & 31225.00 in extension.
Alternative scenario:
Above 31580.00 look for further upside with 31630.00 & 31720.00 as targets.
Note: The RSI is mixed to bearish.
Most Likely Scenario:
Short positions below 31580.00 with targets at 31300.00 & 31225.00 in extension.
Alternative scenario:
Above 31580.00 look for further upside with 31630.00 & 31720.00 as targets.
Note: The RSI is mixed to bearish.
Nasdaq 100
Pivot: 13635.00
Most Likely Scenario:
Short positions below 13635.00 with targets at 13470.00 & 13410.00 in extension.
Alternative scenario:
Above 13635.00 look for further upside with 13700.00 & 13785.00 as targets.
Note: As long as 13635.00 is resistance, look for choppy price action with a bearish bias.
Most Likely Scenario:
Short positions below 13635.00 with targets at 13470.00 & 13410.00 in extension.
Alternative scenario:
Above 13635.00 look for further upside with 13700.00 & 13785.00 as targets.
Note: As long as 13635.00 is resistance, look for choppy price action with a bearish bias.
Euro - EURUSD
Pivot: 1.2145
Most Likely Scenario:
Short positions below 1.2145 with targets at 1.2100 & 1.2080 in extension.
Alternative scenario:
Above 1.2145 look for further upside with 1.2170 & 1.2190 as targets.
Note: As long as the resistance at 1.2145 is not surpassed, the risk of the break below 1.2100 remains high.
Most Likely Scenario:
Short positions below 1.2145 with targets at 1.2100 & 1.2080 in extension.
Alternative scenario:
Above 1.2145 look for further upside with 1.2170 & 1.2190 as targets.
Note: As long as the resistance at 1.2145 is not surpassed, the risk of the break below 1.2100 remains high.
USDJPY
Pivot: 105.40
Most Likely Scenario:
Long positions above 105.40 with targets at 105.75 & 105.95 in extension.
Alternative scenario:
Below 105.40 look for further downside with 105.20 & 105.00 as targets.
Note: The RSI advocates for further upside.
Most Likely Scenario:
Long positions above 105.40 with targets at 105.75 & 105.95 in extension.
Alternative scenario:
Below 105.40 look for further downside with 105.20 & 105.00 as targets.
Note: The RSI advocates for further upside.
Sterling - GBPUSD
Pivot: 1.4000
Most Likely Scenario:
Long positions above 1.4000 with targets at 1.4055 & 1.4080 in extension.
Alternative scenario:
Below 1.4000 look for further downside with 1.3975 & 1.3950 as targets.
Note: A support base at 1.4000 has formed and has allowed for a temporary stabilisation.
Most Likely Scenario:
Long positions above 1.4000 with targets at 1.4055 & 1.4080 in extension.
Alternative scenario:
Below 1.4000 look for further downside with 1.3975 & 1.3950 as targets.
Note: A support base at 1.4000 has formed and has allowed for a temporary stabilisation.
