Market Analysis on Monday 28 February 2022

2022-02-28 08:45Source:BtcDana

Gold Intraday: expect 1945.00.

 

Pivot:

1892.00

 

Our preference:

Long positions above 1892.00 with targets at 1931.00 & 1945.00 in extension.

 

Alternative scenario:

Below 1892.00 look for further downside with 1878.00 & 1864.00 as targets.

 

Comment:

The RSI calls for a bounce.


Analyst Views Chart


Crude Oil (WTI)‎ (J2)‎ Intraday: rebound.

 

Pivot:

93.75

 

Our preference:

Long positions above 93.75 with targets at 100.50 & 102.00 in extension.

 

Alternative scenario:

Below 93.75 look for further downside with 91.70 & 90.00 as targets.

 

Comment:

The RSI shows upside momentum.

 

Analyst Views Chart


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