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Tesla rebounded 5.12%, General Motors rose 2.57%, Micron Technology traded 7.6% higher, and Meta Platforms rose 2.11%

Tesla rebounded 5.12%, General Motors rose 2.57%, Micron Technology traded 7.6% higher, and Meta Platforms rose 2.11%| FXMAG.COM
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DAILY MARKET NEWSLETTER
January 5, 2023
 
   
 
 
 
Pre-Market Session
News Sentiment
Technical Views
 
 
 
   
 
 
 
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 1tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 1 Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
 
 
 
 
   
 
 
 
Price MovementAnalyst ViewsTargetPivot
 
Dax (Eurex)14,524.00
-26.00 (-0.18%)
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 2tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 2
14,580.00
14,380.00
 
 
FTSE 100 (ICE Europe)0.00
0.00 (0.00%)
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 4tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 4
7,600.00
7,510.00
 
 
S&P 500 (CME)3,871.25
-3.25 (-0.08%)
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 6tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 6
3,894.00
3,843.00
 
 
Nasdaq 100 (CME)10,977.75
-21.50 (-0.20%)
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 8tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 8
11,050.00
10,850.00
 
 
Dow Jones (CME)33,384.00
-32.00 (-0.10%)
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 10tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 10
33,550.00
33,170.00
 
 
Crude Oil (WTI)73.70
+0.86 (+1.18%)
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 12tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 12
72.70
74.30
 
 
Gold1,851.36
-3.20 (-0.17%)
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 14tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 14
1,865.00
1,846.00
 
 
 
 
   
 
 
 MARKET WRAP 
 
 
 
 
Market Wrap: Stocks, Bonds, Commodities

On Wednesday, U.S. stocks closed higher. The Dow Jones Industrial Average rose 133 points (+0.40%) to 33,269, the S&P 500 climbed 28 points (+0.75%) to 3,852, and the Nasdaq 100 was up 52 points (+0.48%) to 10,914.

Minutes of the Federal Reserve's December monetary-policy meeting showed no surprise or new information about the central bank's latest rate-hike decision.

Regarding U.S. economic data, the Institute for Supply Management (ISM) manufacturing purchasing managers index fell to 48.4 in December (vs 49.0 expected). The U.S. Labor Department reported that the number of job openings declined to 10.458 million in November (vs 10.100 million expected).

The U.S. 10-year Treasury yield fell a further 5.2 basis points to 3.687%.

Automobiles (+4.42%), semiconductors (+2.61%), and consumer services (+2.31%) sectors were the top performers.

Tesla (TSLA) rebounded 5.12%, General Motors (GM) rose 2.57%, Micron Technology (MU) traded 7.6% higher, and Meta Platforms (META) rose 2.11%.

Also, Bath & Body Works (BBWI) jumped 10.51%, and Salesforce.com (CRM) gained 3.57%.

Alibaba (BABA) jumped 12.98% after Jack Ma, the company's founder, was allowed by the Chinese government to raise funds for his financial unit Ant Group.

On the other hand, Microsoft (MSFT) fell 4.37% after the stock was downgraded to "neutral" from "buy" at UBS.

European stocks also closed higher. The DAX 40 rose 2.18%, the CAC 40 increased 2.30%, and the FTSE 100 was up 0.41%.

Oil prices dropped further as investors kept worrying about fuel demand amid a slowing global economy and surging Covid cases in China. U.S. WTI crude futures sank $3.80 (-4.94%) to $73.15 a barrel.

Gold price increased $15 to $1,855 an ounce.

Market Wrap: Forex

The U.S. dollar softened against other major currencies. The dollar index retreated to 104.24.

AUD/USD surged 113 pips (+1.68%) to 0.6840 after the Chinese government allowed coal imports from Australia, the first time since 2020.

EUR/USD gained 59 pips to 1.0607. France's data showed that the inflation rate slowed to 5.9% on year in December (vs +6.3% expected).

GBP/USD climbed 89 pips to 1.2057.

USD/JPY jumped 167 pips to 132.69.

USD/CHF fell 59 pips to 0.9301, and USD/CAD slumped 191 pips to 1.3480.

Bitcoin traded higher along with other risky assets, climbing to $16,800.

Morning Trading

In Asian trading hours, AUD/USD eased to 0.6812 from 0.6840 in the prior session. China's Caixin services purchasing managers index rebounded to 48.0 in December from 46.7 in November, above 44.5 expected.

Meanwhile, EUR/USD rose further to 1.0615 while GBP/USD slipped to 1.2050.

USD/JPY retreated to 132.00.

Gold was steady to $1,855.

Bitcoin held gains at $16,830.

Expected Today

Final readings of December S&P Global services purchasing managers index is expected at 50.0 for the U.K. and 44.4 for the U.S.

The eurozone's November producer prices index is estimated to be up 28.2% on year.

Germany's November trade surplus is estimated at 4.5 billion euros.

In the U.S., December ADP private jobs are expected to increase by 150,000, while weekly initial jobless claims are estimated at 230,000. Also, November trade deficit is anticipated at 72 billion dollars.
 
 
 
 
 UK MARKET NEWS 
 
 
 
 
Next, a retailer, reported that full price sales were up 4.8% on year in the nine weeks to December 30, better than its previous guidance of 2.0% decline for the period. The company has lifted its full-year profit before tax guidance by 20 million pounds to 860 million pounds.

B&M European Value Retail, a variety store chain, posted third quarter revenue of 1.57 billion pounds, up 12.3% on year. The company said full-year adjusted EBITDA is now expected to be in the range of 560 - 580 million pounds, "ahead of current analysts' consensus estimate of 557 million pounds".

Ryanair, an airline group, said it expects to report a stronger than expected third quarter profit after tax of close to 200 million euros, and has raised its full-year net profit guidance (pre-exceptionals) from a current range of 1.00 - 1.20 billion euros to a new range of 1.325 - 1.425 billion euros.

Construction & Materials, banks and retail shares gained most in London on Tuesday.

From a relative strength vs FTSE 100 point of view, Aviva (+1.76% to 456.8p) crossed above its 50-day moving average.

From a relative strength vs FTSE 100 point of view, Anglo American (-2.66% to 3180p) crossed under its 50-day moving average.

From a technical point of view, Ashtead Group (+2.29% to 4910p), BT Group (+5.05% to 120.6p) crossed above their 50-day moving average.

From a technical point of view, BP (-3.62% to 465.85p) crossed under its 50-day moving average.
 
 
 
 
 ECONOMIC CALENDAR   
 
 
 
TimeEventForecastImportance
 
04:30
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 16tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 16
S&P Global/CIPS UK Services PMI Final (Dec)
50
MEDIUM
 
 
08:15
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 17tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 17
ADP Employment Change (Dec)
150k
MEDIUM
 
 
08:30
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 18tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 18
Balance of Trade (Nov)
-72B
HIGH
 
 
08:30
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 19tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 19
Initial Jobless Claims (Dec/31)
230k
MEDIUM
 
 
08:30
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 20tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 20
Exports (Nov)
251.4B
MEDIUM
 
 
08:30
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 21tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 21
Imports (Nov)
323.4B
MEDIUM
 
 
09:20
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 22tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 22
Fed Bostic Speech
 
MEDIUM
 
 
09:45
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 23tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 23
S&P Global Composite PMI Final (Dec)
44.6
MEDIUM
 
 
09:45
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 24tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 24
S&P Global Services PMI Final (Dec)
44.4
MEDIUM
 
 
11:00
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 25tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 25
EIA Gasoline Stocks Change (Dec/30)
-486k
MEDIUM
 
 
11:00
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 26tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 26
EIA Crude Oil Stocks Change (Dec/30)
1.154M
MEDIUM
 
 
13:20
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 27tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 27
Fed Bullard Speech
 
MEDIUM
 
 
 
 
   
 
 
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 28
 
 
 
   
 
 
 NEWS SENTIMENT 
 
 
 
 
Glencore PLC
506.60 GBp
 
 
 
 
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 29tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 29
 
 
 
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 30tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 30tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 31tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 31
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 32tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 32tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 33tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 33
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 34tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 34tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 35tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 35
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Standard Chartered PLC
660.40 GBp
 
 
 
 
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 36tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 36
 
 
 
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 37tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 37tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 38tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 38
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 39tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 39tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 40tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 40
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 41tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 41tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 42tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 42
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Prudential PLC
1,239.50 GBp
 
 
 
 
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 43tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 43
 
 
 
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 44tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 44tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 45tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 45
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 46tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 46tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 47tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 47
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 48tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 48tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 49tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 49
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
GSK PLC
1,447.80 GBp
 
 
 
 
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 50tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 50
 
 
 
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 51tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 51tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 52tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 52
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 53tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 53tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 54tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 54
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 55tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 55tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 56tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 56
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Bayerische Motoren Werke AG
87.88 EUR
 
 
 
 
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 57tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 57
 
 
 
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 58tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 58tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 59tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 59
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 60tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 60tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 61tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 61
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 62tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 62tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 63tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 63
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Rio Tinto PLC
5,845.00 GBp
 
 
 
 
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 64tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 64
 
 
 
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 65tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 65tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 66tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 66
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 67tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 67tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 68tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 68
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 69tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 69tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 70tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 70
 
 
 
 
 
 
 
 
 
 
 
 TECHNICAL VIEWS 
 
 

 
 
EUR/USD Intraday: supported by a rising trend line.
 
Pivot:
1.0580
 
Our preference:
Long positions above 1.0580 with targets at 1.0645 & 1.0670 in extension.
 
Alternative scenario:
Below 1.0580 look for further downside with 1.0560 & 1.0540 as targets.
 
Comment:
The RSI shows upside momentum.
 
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 71tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 71
 
 
 
 
 
 
 

 
 
Euro Stoxx 50 (Eurex)‎ (H3)‎ Intraday: bullish bias above 3928.00.
 
Pivot:
3928.00
 
Our preference:
Long positions above 3928.00 with targets at 3990.00 & 4024.00 in extension.
 
Alternative scenario:
Below 3928.00 look for further downside with 3894.00 & 3869.00 as targets.
 
Comment:
Investors have to remain cautious since these levels may trigger profit taking.
 
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 72tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 72
 
 
 
 
 
 
 

 
 
Brent (ICE)‎ (H3)‎ Intraday: key resistance at 79.30.
 
Pivot:
79.30
 
Our preference:
Short positions below 79.30 with targets at 77.70 & 76.60 in extension.
 
Alternative scenario:
Above 79.30 look for further upside with 80.60 & 81.90 as targets.
 
Comment:
As long as 79.30 is resistance, look for choppy price action with a bearish bias.
 
tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 73tesla rebounded 5 12 general motors rose 2 57 micron technology traded 7 6 higher and meta platforms rose 2 11 grafika numer 73
 
 
 

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