Market Analysis on Friday 25 February 2022

2022-02-25 10:10Source:BtcDana

Gold Intraday: key resistance at 1920.00.

 

Pivot:

1920.00

 

Our preference:

Short positions below 1920.00 with targets at 1892.00 & 1878.00 in extension.

 

Alternative scenario:

Above 1920.00 look for further upside with 1940.00 & 1956.00 as targets.

 

Comment:

Technically the RSI is below its neutrality area at 50.


Analyst Views Chart


Crude Oil (WTI)‎ (J2)‎ Intraday: key resistance at 95.65.

 

Pivot:

95.65

 

Our preference:

Short positions below 95.65 with targets at 92.60 & 91.45 in extension.

 

Alternative scenario:

Above 95.65 look for further upside with 97.00 & 98.20 as targets.

 

Comment:

The index currently faces a challenging resistance area at 95.65.


Analyst Views Chart



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