Crude Oil - A fall is possible.

If the assumption is correct, WTI Crude Oil price will fall to the levels of 82.3–67. In this scenario, critical stop loss level is 123.8.

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Silver - A fall is possible.

If the assumption is correct, the XAG USD pair will fall to the levels of 18.4–15.6. In this scenario, critical stop loss level is 21.53.

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Netflix - The price may grow.

If the assumption is correct, the price of the asset will grow to the levels of 326.97–397. In this scenario, critical stop loss level is 163.03.

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BTCUSD - "digital gold" remains under pressure
In June, the coin showed the worst dynamics in 12 years, losing 38% of its value, and in Q2 the indicators dropped by 58% to the values of 2011. In the near future, the overall pressure on the cryptocurrency sector may increase, as serious economic difficulties that have arisen for a number of large companies focused on digital assets have joined the problem of global monetary policy tightening.

During Q2, global regulators repeatedly raised interest rates, in particular, the US Fed adjusted them by 125 basis points in total, bringing them to 1.75%. Such a rapid tightening caused investors to fear a recession and led to their withdrawal from risky assets, including digital ones. A serious decline in prices caused problems for a number of companies, only increasing the panic in the cryptocurrency market. Thus, due to the liquidity crisis, the activities of the large Singapore cryptocurrency hedge fund Three Arrows Capital, known for its "bullish" bets, were discontinued. The credit company Celsius Network and the crypto exchange CoinFLEX have suspended withdrawals for customers, citing "extreme market conditions." In an effort to reduce losses, the Huobi trading platform plans to cut about 30% of employees, and the Hong Kong OSL exchange – about 15%.

In general, the fundamental picture continues to be unfavorable and, according to a number of experts, within a few months BTC will be able to reach the "bottom" in the region of 10K dollars per coin.

Technically, the price is close to the 18750 mark (Murray [2/8]), the breakdown of which will give the prospect of further decline to the levels of 15625 (Murray [1/8]), 12500 (Murray [0/8]) and 10000. With a breakout of the level of 25000 (Murray [4/8], Fibo retracement of 23.6%), growth will be able to resume to 28125 (Murray [5/8]), 31250 (Murray [6/8]).

Technical indicators do not give a single signal: the Bollinger Bands consolidate before a serious movement, the MACD histogram decreases in the negative zone, and the Stochastic is directed upwards.   

Resistance levels: 21875, 25000, 28125, 31250 | Support levels: 18750, 15625, 12500, 10000

GBPUSD - The pair may fall.

If the assumption is correct, the GBP/USD pair will fall to the levels of 1.1750–1.1550. In this scenario, critical stop loss level is 1.2330.

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USDCAD - The pair may grow.

If the assumption is correct, the USD/CAD pair will grow to the levels of 1.3410–1.3700. In this scenario, critical stop loss level is 1.2816.

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The NZDUSD resumes the decline.

The NZDUSD pair found solid support at 0.6120, to show some bullish bias now, affected by stochastic positivity, waiting to get negative motive that assist to push the price to decline again and head towards our next main target at 0.6100. In general, we will continue to suggest the bearish trend for the upcoming period unless breaching 0.6265 and holding above it. The expected trading range for today is between 0.6100 support and 0.6200 resistance

The expected trend for today: Bearish

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XRP USD - Murray analysis

Currently, the price has come close to the middle line of the Bollinger Bands in the area of 0.33, at the breakout of which the growth will be able to continue to the levels of 0.3906, 0.4395. The key for the "bears" remains the 0.293 mark, consolidation of the price below which will give the prospect of further decline to the level of 0.1953 (the lower limit of the descending channel.

The downward trend in the market remains, however, the upward reversal of the Stochastic does not exclude the continuation of corrective growth, but this is unlikely to lead to a reversal of the current trend.

Resistance levels: 0.3300, 0.3906, 0.4395 | Support levels: 0.2930, 0.2441, 0.1953

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Amazon.com - The price may grow.

If the assumption is correct, the price of the asset will grow to the levels of 171.15–188.15. In this scenario, critical stop loss level is 102.20.

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BTCUSD Technical Analysis

Bitcoin closed slightly above $21,835 this morning. Stochastic and RSI are in overbought zone. Resistance is at $22,515, with a hold of this level the price is expected to decline to $20,000 - $18,629.

Trading idea
Sell targeting $20,000 - $18,600 | SL: $22,515

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NZDUSD Technical Analysis
The pair is trading in the descending channel for the last 3 weeks. The downtrend scenario is valid as long as the bears can keep the price within the channel line and below the 50 moving average.

Support: 0.6124 | Resistance: 0.6195 - 0.6251

Trading Idea:
Sell targeting 0.6124 | SL: 0.626

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Crude Oil - new COVID-19 outbreak in China alarmed the market

As part of the Russian authorities' discount policy for the sale of energy resources to India and China, Saudi Arabia announced similar terms of cooperation to its customers for some brands of Arabian oil, in particular, Arab Heavy and Arab Medium. Competition among suppliers in the Asian region is intensifying: in May, China increased the volume of supplies from Russia to 8.42 million tons (or 1.98 million barrels per day), and the reasons for the correction of the discount in the cost of Russian "black gold" in relation to Brent Crude Oil is not observed to decrease (now it remains at the level of 30 dollars per barrel). Meanwhile, it is worth noting that it was India and China that previously actively imported oil from Saudi Arabia due to the technologies available at these refineries for processing denser types of energy carrier. At the moment, investors are alarmed by reports from China about an increase in the incidence of coronavirus and the return of restrictions on the movement of citizens in 11 cities, which make up about 15% of the country's gross domestic product. A possible quarantine could lead to a reduction in hydrocarbon consumption.

On the global chart, the price overcame the uptrend support line and consolidated below it. Now, the quotes are likely to make a reverse test of the passed line, as the trading volumes accumulated during the rapid growth above 100 dollars are maintained and are still in the asset. Despite the fact that technical indicators point to continued sales, a correction is not ruled out: fast EMAs on the Alligator indicator are below the signal line, and the AO oscillator histogram is trading in the sell zone.

Support levels: 94.74, 87.31 | Resistance levels: 102.72, 109.28