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Analysis of margin levels

GOLD, WTI

GOLD, WTI | 17 January 2020

• GOLD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1473.69-1479.44. At the moment, the GOLD is trading higher, indicating the strength of buyers. GOLD, WTI

• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1554.85-1559.19. Currently, the GOLD is trading within the specified range, indicating a temporary uncertainty.

• 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 09.01.2020.

• Quotation of the lower boundary of the zone 1/4–1552.41.

• Quotation of the lower boundary of the zone 1/2–1564.91.

• Intraday objectives: update the lows from 09.01.2020–1539.91.

• Medium-term objectives: test the higher bound of GWCZ–1537.21. GOLD, WTI

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

• Sell: 1552.41-1564.91, Take Profit 1–1539.91, Take Profit 2–1537.21

• WTI

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 61.269-61.597. At the moment, the WTI is trading lower, indicating the strength of sellers. GOLD, WTI

• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 59.277-59.554. 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 09.01.2020.

• Quotation of the higher boundary of the zone 1/4–59.465.

• Quotation of the higher boundary of the zone 1/2–60.585.

• Intraday objectives: update the highs from 9.01.2020–58.525.

• Medium-term objectives: test the lower bound of SWCZ-57.875. GOLD, WTI

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

• Sell: 59.465-60.585, Take Profit 1-58.525, Take Profit 2-57.875.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth

Analyst of FreshForex

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GOLD, WTI | 17 January 2020

James Hoggarth

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