


The targeted 92.00 - 93.00 long-term resistance area can contain annual buying pressures, and from there the market could fall back into summer trade. On the other hand, a weekly settlement above 94.00 (1% beyond 93.00) would indicate 115.00 within several months, also able to contain annual buying pressures. Downside, a weekly settlement back below 85.50...
Gold (GC1!) triggered a long opportunity at the beginning of the week (indicated by the up arrow) and filled its profit target during a volatile day on Friday (indicated by the down arrow).
We currently have a range of support from where we are trading at roughly $240 down to about $205 which should likely absorb 2022 selling pressures for the balance of the year. This could be your area to own META if you’ve been waiting for it to go on sale.
Upside, the 86.00 - 87.00 price area can contain selling into later February, above which the 92.00 - 93.00 long-term resistance target was achieved last week. Ascending resistance for this week where the market can place an annual high into later year is currently at 94.50. On the other hand, a weekly settlement above 94.50 (by a 1% margin) would indicate...
WTI Market Analysis for the week of Jan 31 Upside, the 86.50 price region can contain selling into later February, above which 92.00 - 93.00 resistance structure remains a several week target, where the market can potentially place an annual high. Downside, a weekly settlement back below the 86.50 area should mark a good Q1 high, 73.50 followed by 65.50 then...