Market Analysis on Monday 17 January 2022

2022-01-17 09:40Source:BtcDana

Gold Intraday: under pressure.

 

Pivot:

1822.00

 

Our preference:

Short positions below 1822.00 with targets at 1811.00 & 1806.00 in extension.

 

Alternative scenario:

Above 1822.00 look for further upside with 1828.00 & 1833.00 as targets.

 

Comment:

The RSI is bearish and calls for further downside.



Analyst Views Chart


Crude Oil (WTI)‎ (G2)‎ Intraday: the upside prevails.

 

Pivot:

83.30

 

Our preference:

Long positions above 83.30 with targets at 85.25 & 86.20 in extension.

 

Alternative scenario:

Below 83.30 look for further downside with 82.60 & 81.90 as targets.

 

Comment:

The immediate trend remains up and the momentum is strong.

 

Analyst Views Chart


Analyst Views Chart


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