GOLD, SILVER, WTI | 08 May 2020

• GOLD

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1718.74-1732.66. 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 1703.93-1709.69. 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 01.05.2020.

• Quotation of the lower boundary of the zone 1/4–1691.81.

• Quotation of the lower boundary of the zone 1/2–1714.79.

• Intraday objectives: update the lows from 01.05.2020–1668.99.

• Medium-term objectives: test the lower bound of GWCZ–1619.99.

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

• Sell: 1691.89-1714.79, Take Profit 1–1668.99, Take Profit 2–1619.99.

• SILVER

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 15.206-15.390. Currently, the SILVER 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 15.042-15.148. At the moment, the SILVER 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 21.04.2020.

• Quotation of the higher boundary of the zone 1/4–15.032.

• Quotation of the higher boundary of the zone 1/2–15.482.

• Intraday objectives: update the highs from 21.04.2020–14.582.

• Medium-term objectives: test the higher bound of GWCZ–13.672.

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

• Sell: 15.032-15.482, Take Profit 1–14.582, Take Profit 2–13.672

• WTI

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 16.204-17.289. 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 16.554-17.126. 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 01.05.2020.

• Quotation of the higher boundary of the zone 1/4–19.636

• Quotation of the higher boundary of the zone 1/2–17.136.

• Intraday objectives: update the highs from 01.05.2020–22.136.

• Medium-term objectives: test the higher bound of GWCZ-23.156.

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

• Buy: 17.136-19.636, Take Profit 1-22.136, Take Profit 2-23.156.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)