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Daily review for January 25, 2022

Traders increase gold positions in order to mitigate market volatility emerging from geopolitical tensions and inflation.

Wall Street stock indexes continue to correct. Analysts expect a possible rebound.

Cryptos start to rebound. Whales begin to enter the market, visualizing the recovery opportunity.

Commodity prices in the energy segment continue to rise. Continued increase is expected, mainly due to geopolitical tensions. Analysts expect an surge of 1 million barrels in U.S. reserves.

GOLD +0.01%
Tension between Russia, Ukraine, the European Union and the United States continues. This is impacting the equity markets. Yesterday, the indexes closed with important losses, mainly the DAX 40 (-3.80%) and the FTSE 100 (-2.63%). Investors continue to increase their positions in gold, in the face of a possible direct armed conflict. At the moment, the price of gold is up 0.01% and is trading at USD$1,840 per Troy ounce. Bullish movements in commodities are expected as long as tensions continue to rise.
Support 1: 1,839.56
Support 2: 1,838.38
Support 3: 1,836.41
Resistance 1: 1,842.71
Resistance 2: 1,844.68
Resistance 3: 1,845.86
Pivot Point: 1,841.53
The price is above the 200-day moving average. At the moment it is at resistance 1. Expected trading range between USD$1,836 and USD$1,845. Pivot point for trend change at USD$1,841. RSI neutral. Bullish trend.

NASDAQ 100 -1.90%
Traders are watching Microsoft’s financial results. Analysts expect an EPS of 2.31; sales of USD$50.65 Billion, for a market capitalization of USD$2.23 Trillion. On the other hand, traders are looking for a market rebound after yesterday’s significant losses due to geopolitical tensions. The Nasdaq 100 is currently down 1.90% and is trading at 14,241 points. The Dow Jones is down 0.75% and the S&P500 is down 1.22%.
Support 1: 14,185.2
Support 2: 14,089.0
Support 3: 14,011.9
Resistance 1: 14,358.5
Resistance 2: 14,435.6
Resistance 3: 14,531.8
Pivot Point: 14,262.3
The index is below the 200-day moving average. Expected trading range between 14,011 and 14,531. Pivot point at 14,262. RSI neutral. The Ichimoku Cloud projects the price above the 14,266 area. The price is at the pivot point, where it could maintain the trend or present a rebound.

BITCOIN +3.56%
The price of Bitcoin is looking to recover from the significant losses it has suffered over the last few weeks. At the moment, the price is up 3.56% and is trading at USD$36,270. From the support level of USD$32,838, whales started to enter the market, pushing the price up to USD$37,071. Analysts expect higher trading volume, considering the potential for a rebound, as well as concerns about inflation.
Support 1: 35,836.6
Support 2: 35,603.3
Support 3: 35,447.6
Resistance 1: 36,225.6
Resistance 2: 36,381.3
Resistance 3: 36,614.6
Pivot Point: 35,992.3
The price is below the 200-day moving average. At the moment the crypto is between the pivot point and resistance 1. Expected trading range between USD$35,447 and USD$36,614. Pivot point at USD$35,992. RSI neutral.

WTI +0.82%
Commodity prices in the energy segment are rising as a result of geopolitical tensions. At the moment, the price of WTI crude oil is up 0.82% and is trading at USD$83.81 per barrel. Traders are watching the weekly U.S. crude oil stocks report, which is expected to show an increase of 1.4 million barrels. For the time being, the United States continues to increase crude oil and natural gas exports to Europe, with the aim of replacing the European Union’s energy imports from Russia.
Support 1: 83.64
Support 2: 83.39
Support 3: 83.15
Resistance 1: 84.13
Resistance 2: 84.37
Resistance 3: 84.62
Pivot Point: 83.88
The price is at the same level of the pivot point, where a change of trend could occur. Rebound from USD$81. Bulls are starting to look for the bullish channel towards USD$88.15 per barrel. RSI neutral.

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