Market Analysis on Wednesday 12 January 2022

2022-01-12 09:45Source:BtcDana

Gold Intraday: towards 1836.00.

 

Pivot:

1810.00

 

Our preference:

Long positions above 1810.00 with targets at 1829.00 & 1836.00 in extension.

 

Alternative scenario:

Below 1810.00 look for further downside with 1803.00 & 1795.00 as targets.

 

Comment:

The RSI is bullish and calls for further advance.


Analyst Views Chart


Crude Oil (WTI)‎ (G2)‎ Intraday: further upside.

 

Pivot:

80.10

 

Our preference:

Long positions above 80.10 with targets at 82.40 & 83.30 in extension.

 

Alternative scenario:

Below 80.10 look for further downside with 79.50 & 78.85 as targets.

 

Comment:

The next resistances are at 82.40 and then at 83.30.


Analyst Views Chart


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