GOLD, GAS, WTI | 20 December 2019

• GOLD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1461.74-1467.31 and 1475.36-1476.77. Currently, the GOLD is trading within the specified range, indicating a temporary uncertainty.


• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1474.44-1476.37. At the moment, the GOLD 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 09.12.2019.


• Quotation of the lower boundary of the zone 1/4–1469.90.


• Quotation of the lower boundary of the zone 1/2–1481.10.


• Intraday objectives: update the lows from 09.12.2019–1458.60.


• Medium-term objectives: test the higher bound of WCZ–1440.50.


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


• Sell: 1469.90-1481.10, Take Profit 1–1458.60, Take Profit 2–1440.50




• GAS


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 2.228-2.257 and 2.486-2.567. Currently, the GAS is trading within the specified range, indicating a temporary uncertainty.


• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 2.248-2.261. At the moment, the GAS is trading higher, indicating the strength 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 12.12.2019.


• Quotation of the higher boundary of the zone 1/4–2.266.


• Quotation of the higher boundary of the zone 1/2–2.205.


• Intraday objectives: update the highs from 12.12.2019–2.327.


• Medium-term objectives: test the lower bound of WCZ–2.382.


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


• Buy: 2.205-2.266, Take Profit 1–2.327, Take Profit 2–2.382.




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 58.065-58.409. At the moment, the WTI is trading higher, indicating the strength of buyers.


• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 58.651-58.813. At the moment, the WTI is trading higher, indicating the strength 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 13.12.2019.


• Quotation of the higher boundary of the zone 1/4–59.410.


• Quotation of the higher boundary of the zone 1/2–58.480.


• Intraday objectives: update the highs from 13.12.2019–60.350.


• Medium-term objectives: test the lower bound of GWCZ-60.520.


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


• Buy: 58.480-59.410, Take Profit 1-60.350, Take Profit 2-60.520.


• 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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