
STOCK MARKET with SHEHERYAR BUTT
February 25, 2025 at 08:02 AM
*Daily Technical*
*25 Feb 2025*
*Gold Intraday: choppy.*
Pivot: 2968.00
Our preference: short positions below 2968.00 with targets at 2946.00 & 2939.00 in extension.
Alternative scenario: above 2968.00 look for further upside with 2979.00 & 2985.00 as targets.
Comment: the RSI is mixed.
*Silver Intraday: caution.*
Pivot: 32.83
Our preference:
Short positions below 32.83 with targets at 32.57 & 32.40 in extension.
Alternative scenario:
Above 32.83 look for further upside with 33.11 & 33.35 as targets.
Comment:
The index currently faces a challenging resistance area at 32.83.
*Crude Oil Intraday: further advance.*
Pivot: 70.55
Our preference: long positions above 70.55 with targets at 71.80 & 72.20 in extension.
Alternative scenario: below 70.55 look for further downside with 69.90 & 69.45 as targets.
Comment: the RSI is bullish and calls for further advance.
*Brent (OIL) Intraday: look for 75.25.*
Pivot: 74.15
Our preference: long positions above 74.15 with targets at 74.95 & 75.25 in extension.
Alternative scenario: below 74.15 look for further downside with 73.70 & 73.20 as targets.
Comment: the RSI is bullish and calls for further upside.
*EUR/USD Intraday: key resistance at 1.0490.*
Pivot: 1.0490
Our preference: short positions below 1.0490 with targets at 1.0445 & 1.0425 in extension.
Alternative scenario: above 1.0490 look for further upside with 1.0505 & 1.0525 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1.0490.
*EUR/JPY intraday: the upside prevails as long as 156.34 is support*
Our pivot point stands at 156.34.
Our preference: the upside prevails as long as 156.34 is support.
Alternative scenario: the downside breakout of 156.34 would call for 155.61 and 155.18.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 156.83 and 156.79).
*GBP/USD Intraday: key resistance at 1.2650.*
Pivot: 1.2650
Our preference: short positions below 1.2650 with targets at 1.2610 & 1.2595 in extension.
Alternative scenario: above 1.2650 look for further upside with 1.2670 & 1.2690 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1.2650.
*GBP/JPY intraday: the upside prevails as long as 188.56 is support*
Our pivot point stands at 188.56.
Our preference: the upside prevails as long as 188.56 is support.
Alternative scenario: below 188.56, expect 187.67 and 187.14.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 189.18 and 189.13).
*USD/JPY Intraday: bullish bias above 149.35.*
Pivot: 149.35
Our preference: long positions above 149.35 with targets at 150.25 & 150.60 in extension.
Alternative scenario: below 149.35 look for further downside with 148.90 & 148.50 as targets.
Comment: a support base at 149.35 has formed and has allowed for a temporary stabilization.
*USD/CAD Intraday: consolidation.*
Pivot: 1.4230
Our preference: long positions above 1.4230 with targets at 1.4280 & 1.4295 in extension.
Alternative scenario: below 1.4230 look for further downside with 1.4205 & 1.4180 as targets.
Comment: a support base at 1.4230 has formed and has allowed for a temporary stabilization.
*Dow Jones (DJ) Intraday: under pressure.*
Pivot: 43810.00
Our preference: short positions below 43810.00 with targets at 43300.00 & 43175.00 in extension.
Alternative scenario: above 43810.00 look for further upside with 43910.00 & 44050.00 as targets.
Comment: the RSI is below its neutrality area at 50%