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Table of contents

  1. Today's Analysis.

    daily analysis by daytradeideas 24 01 2023 grafika numer 1daily analysis by daytradeideas 24 01 2023 grafika numer 1

    Silver moving in the opposite direction as we plunge to 2274 after last week's double top sell signal.

    WTI Crude April tests the upper end of the 2 month range at 8260/8300 & remains very clearly in a 6 month sideways trend

    daily analysis by daytradeideas 24 01 2023 grafika numer 2daily analysis by daytradeideas 24 01 2023 grafika numer 2

    Update daily by 05:00 GMT.

    Today's Analysis.

    Gold longs make up to 15 points profit yesterday as we head for 1935 target & look for 1939 before the end of the week. Further gains are certainly possible towards 1946/49.

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    We should have good support at 1915/10 today. Longs need stops below 1905.

    Silver over ran strong support at 2310/00 by 26 ticks before a rebound to 2348. Strong resistance at 2380/2400. Shorts need stops above 2420.

    daily analysis by daytradeideas 24 01 2023 grafika numer 3daily analysis by daytradeideas 24 01 2023 grafika numer 3

    Silver bulls obviously need a break above the 2455 double top high for a buy signal & a chance to catch up with the gold rally.

    Just be aware that a close below 2290 on any day this week is a sell signal targeting 2255 & strong support at 2220/00.

    WTI Crude February choppy & erratic with no clear trend after failed bullish breakout. I must wait for a signal or a breakout. First resistance at the upper end of the 2 month range at 8260/8300. A break above 8320 can target 8420/30 & 8470/90.

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    First support at 8060/40 for a potential 100-150 ticks scalp but longs need stops below 8000. Next downside target & support at 7930/00. Longs need stops below 7860.


    Jason Sen

    Jason Sen

    Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason used technical analysis throughout his trading career and formed Daytrdeideas.co.uk which established itself as the leading provider of daily technical analysis to independent and professional traders within the investment bank community. He advises dozens of traders at up to 15 major investment banks and hedge funds on market movement throughout each trading day on The Bloomberg Professional® service. Jason Sen also provides trade ideas with entry, exit and target levels on Telegram & in daily reports to retail traders. daytradeideas.co.uk


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