Market Analysis on Thursday 17 February 2022

2022-02-17 09:45Source:BtcDana

Gold Intraday: towards 1888.00.

 

Pivot:

1859.00

 

Our preference:

Long positions above 1859.00 with targets at 1879.00 & 1888.00 in extension.

 

Alternative scenario:

Below 1859.00 look for further downside with 1850.00 & 1844.00 as targets.

 

Comment:

The RSI is bullish and calls for further advance.


Analyst Views Chart


Crude Oil (WTI)‎ (H2)‎ Intraday: key resistance at 92.50.

 

Pivot:

92.50

 

Our preference:

Short positions below 92.50 with targets at 90.00 & 89.00 in extension.

 

Alternative scenario:

Above 92.50 look for further upside with 93.30 & 94.00 as targets.

 

Comment:

As long as the resistance at 92.50 is not surpassed, the risk of the break below 90.00 remains high.


Analyst Views Chart


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