Market Analysis on Thursday 2 December 2021

2021-12-02 10:40Source:BtcDana

Gold Intraday: expect 1762.00.

 

Pivot:

1792.00

 

Our preference:

Short positions below 1792.00 with targets at 1769.00 & 1762.00 in extension.

 

Alternative scenario:

Above 1792.00 look for further upside with 1799.00 & 1809.00 as targets.

 

Comment:

The RSI calls for a drop.

 

Analyst Views Chart


Crude Oil (WTI)‎ (F2)‎ Intraday: key resistance at 67.80.

 

Pivot:

67.80

 

Our preference:

Short positions below 67.80 with targets at 64.45 & 62.75 in extension.

 

Alternative scenario:

Above 67.80 look for further upside with 69.40 & 71.20 as targets.

 

Comment:

As long as the resistance at 67.80 is not surpassed, the risk of the break below 64.45 remains high.


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