GOLD, GAS, WTI | 06 December 2019

• GOLD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1454.27-1456.89. At the moment, the GOLD is trading higher, indicating the weakness of sellers.GOLD, GAS, WTI


• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1454.79-1457.65. At the moment, the GOLD is trading higher, indicating the weakness 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 26.11.2019.


• Quotation of the lower boundary of the zone 1/4–1461.74.


• Quotation of the lower boundary of the zone 1/2–1472.94.


• Intraday objectives: update the lows from 26.11.2019–1450.44.


• Medium-term objectives: test the higher bound of WCZ–1434.84.GOLD, GAS, WTI


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


• Sell: 1461.74-1472.94, Take Profit 1–1450.44, Take Profit 2–1434.84.




• GAS


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 2.504-2.585. At the moment, the GAS is trading lower, indicating the strength of sellers.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 GAS 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 29.11.2019.


• Quotation of the lower boundary of the zone 1/4–2.329.


• Quotation of the lower boundary of the zone 1/2–2.391.


• Intraday objectives: update the lows from 29.11.2019–2.568.


• Medium-term objectives: test the higher bound of SWCZ–2.243.GOLD, GAS, WTI


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


• Sell: 2.329-2.391, Take Profit 1–2.268, Take Profit 2–2.243.




• WTI


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 57.711-57.973. At the moment, the WTI is trading lower, indicating the strength of sellers.GOLD, GAS, WTI


• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 57.751-57.953. At the moment, the WTI 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 29.11.2019.


• Quotation of the lower boundary of the zone 1/4–55.955.


• Quotation of the lower boundary of the zone 1/2–56.955.


• Intraday objectives: update the lows from 29.11.2019–54.955.


• Medium-term objectives: test the higher bound of WCZ-54.675.GOLD, GAS, WTI


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


• Buy: 55.955-56.955, Take Profit 1-54.955, Take Profit 2-54.675.


• 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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