Drive confident decisions with simple, actionable trading plans.

Drive confident decisions with simple, actionable trading plans.

CWG and Trading Central launched The Analyst Views is the world’s only financial market research solution offering the unique and invaluable combination of senior analyst expertise and automated algorithms. Our proprietary pattern recognition is constantly monitoring the market to offer you trading plans based on award-winning methodologies.

Copper (CME)Copper (CME)

20240220 21:48

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Copper (CME) (MAR4) intraday: look for a drop towards 3.8075 before a bounce

Our pivot point stands at 3.8075.

Our preference: look for a drop towards 3.8075 before a bounce.

Alternative scenario: below 3.8075, expect 3.7910 and 3.7750.

Comment: the RSI is above 50. The MACD is negative and below its signal line. The configuration is negative. Copper (CME) (MAR4) is above its 20 and 50 period moving average (respectively at 3.8487 and 3.8283).

Supports and resistances:

3.9245 **

3.9085 *

3.8810 **

3.8700

3.8570 last

3.8235

3.8075 **

3.7910 *

3.7750 **

GoldGold

20240220 22:38

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Gold Intraday: intraday support around 2022.00.

Pivot: 2022.00

Our preference: long positions above 2022.00 with targets at 2033.00 & 2038.00 in extension.

Alternative scenario: below 2022.00 look for further downside with 2017.00 & 2013.00 as targets.

Comment: the next resistances are at 2033.00 and then at 2038.00.

Supports and resistances:

2050.00

2038.00

2033.00

2024.30 Last

2022.00

2017.00

2013.00

Crude Oil (WTI)Crude Oil (WTI)

20240220 22:39

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Crude Oil (WTI) (J4) Intraday: the downside prevails.

Pivot: 77.65

Our preference: short positions below 77.65 with targets at 76.65 & 76.00 in extension.

Alternative scenario: above 77.65 look for further upside with 78.05 & 78.55 as targets.

Comment: the RSI is below its neutrality area at 50%

Supports and resistances:

78.55

78.05

77.65

77.17 Last

76.65

76.00

75.50

Copper (CME)Copper (CME)

20240221 00:13

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Copper (CME) (MAR4) intraday: look for a drop towards 3.8085 before a bounce

Our pivot point is at 3.8085.

Our preference: look for a drop towards 3.8085 before a bounce.

Alternative scenario: below 3.8085, expect 3.7925 and 3.7760.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Copper (CME) (MAR4) is trading above both its 20 and 50 period moving average (respectively at 3.8541 and 3.8310).

Supports and resistances:

3.9245 **

3.9085 *

3.8810 **

3.8700

3.8590 last

3.8250

3.8085 **

3.7925 *

3.7760 **

Brent (ICE)Brent (ICE)

20240221 00:44

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Brent (ICE) (J4) Intraday: key resistance at 82.85.

Pivot: 82.85

Our preference: short positions below 82.85 with targets at 82.05 & 81.70 in extension.

Alternative scenario: above 82.85 look for further upside with 83.20 & 83.60 as targets.

Comment: as long as the resistance at 82.85 is not surpassed, the risk of the break below 82.05 remains high.

Supports and resistances:

83.60

83.20

82.85

82.56 Last

82.05

81.70

81.20

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