Market Analysis on Tuesday 7 December 2021

2021-12-07 10:25Source:BtcDana

Gold Intraday: supported by a rising trend line.

 

Pivot:

1774.00

 

Our preference:

Long positions above 1774.00 with targets at 1787.00 & 1792.00 in extension.

 

Alternative scenario:

Below 1774.00 look for further downside with 1767.00 & 1761.00 as targets.

 

Comment:

The RSI has just landed on its neutrality area at 50% and is turning up.


Analyst Views Chart



Crude Oil (WTI)‎ (F2)‎ Intraday: further advance.

 

Pivot:

68.20

 

Our preference:

Long positions above 68.20 with targets at 71.30 & 72.50 in extension.

 

Alternative scenario:

Below 68.20 look for further downside with 67.35 & 66.60 as targets.

 

Comment:

The RSI is bullish and calls for further upside.


Analyst Views Chart


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