Look at What is Happening with Crude Oil and Gold

Look At What Is Happening With Crude Oil & Gold Crude Oil February 29 (King World News) – From Citi’s Naveen Nair:  Brent (CO1) traded close to the key 84.75-85.00 (November 30th high, January 2024 high and psychological level) resistance area on Wednesday. Why it matters: This is a strong resistance level, having been tested in November and January. IF we close higher on a weekly basis, it would suggest a break higher with the next major resistance ~3.5% higher at 87.80-87.99 (November 2023 high, 61.8% Fibo retracement). We also flag this would be a breakout from the ascending triangle pattern we have been…