Market Analysis on Wednesday 23 February 2022

2022-02-23 09:55Source:BtcDana

Gold Intraday: target 1886.00.

 

Pivot:

1907.00

 

Our preference:

Short positions below 1907.00 with targets at 1893.00 & 1886.00 in extension.

 

Alternative scenario:

Above 1907.00 look for further upside with 1914.00 & 1921.00 as targets.

 

Comment:

As long as the resistance at 1907.00 is not surpassed, the risk of the break below 1893.00 remains high.


Analyst Views Chart


Crude Oil (WTI)‎ (J2)‎ Intraday: under pressure.

 

Pivot:

92.60

 

Our preference:

Short positions below 92.60 with targets at 90.45 & 89.40 in extension.

 

Alternative scenario:

Above 92.60 look for further upside with 93.55 & 94.95 as targets.

 

Comment:

The RSI advocates for further downside.


Analyst Views Chart


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