GOLD, GAS, WTI | 29 November 2019

• GOLD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1508.55-1513.96. At the moment, the GOLD is trading lower, indicating the strength of sellers.GOLD, GAS, WTI


• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1466.10-1468.58. At the moment, the GOLD is trading lower, indicating the weakness of buyers.


• The area of profitable prices for buy in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the maximum 20.11.2019.


• Quotation of the higher boundary of the zone 1/4–1468.10.


• Quotation of the higher boundary of the zone 1/2–1456.80.


• Intraday objectives: update the highs from 20.11.2019–1479.30.


• Medium-term objectives: test the lower bound of WCZ–1491.30.GOLD, GAS, WTI


• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.


• Buy: 1456.80-1468.10, Take Profit 1–1479.30, Take Profit 2–1491.30.




• GAS


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 2.604-2.618. At the moment, the GAS is trading higher, indicating the strength of buyers.GOLD, GAS, WTI


• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 2.709-2.725. At the moment, the pair is trading lower, indicating the strength of sellers.


• The area of profitable prices for sell in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the minimum 19.11.2019.


• Quotation of the lower boundary of the zone 1/4–2.629.


• Quotation of the lower boundary of the zone 1/2–2.691.


• Intraday objectives: update the lows from 19.11.2019–2.568.


• Medium-term objectives: test the higher bound of WCZ–2.488.GOLD, GAS, WTI


• Trading recommendations: sells from the range of favorable prices in the formation of a reversal pattern.


• Sell: 2.629-2.691, Take Profit 1–2.568, Take Profit 2–2.488.




• WTI


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 56.723-57.047 and 58.072-58.345. At the moment, the WTI is trading higher, indicating the strength of buyers.GOLD, GAS, WTI


• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 57.063-57.313. Currently, the WTI is trading within the specified range, indicating a temporary uncertainty.


• The area of profitable prices for buy in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the maximum 22.11.2019.


• Quotation of the higher boundary of the zone 1/4–57.672.


• Quotation of the higher boundary of the zone 1/2–56.672.


• Intraday objectives: update the highs from 22.11.2019–58.672.


• Medium-term objectives: test the lower bound of GWCZ-60.782.GOLD, GAS, WTI


• Trading recommendations: buys from the range of favorable in the formation of a reversal pattern.


• Buy: 56.672-57.672, Take Profit 1-58.672, Take Profit 2-60.782.


• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)


• TRADE FUEL WITHOUT SWAPS!

 

James Hoggarth
Analyst of FreshForex
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