Market Analysis on Thursday 16 December 2021

2021-12-16 08:35Source:BtcDana

Gold Intraday: look for 1795.00.

 

Pivot:

1768.00

 

Our preference:

Long positions above 1768.00 with targets at 1790.00 & 1795.00 in extension.

 

Alternative scenario:

Below 1768.00 look for further downside with 1760.00 & 1752.00 as targets.

 

Comment:

The RSI is bullish and calls for further advance.


Analyst Views Chart


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

 

Pivot:

70.65

 

Our preference:

Long positions above 70.65 with targets at 72.30 & 73.00 in extension.

 

Alternative scenario:

Below 70.65 look for further downside with 70.00 & 69.40 as targets.

 

Comment:

The next resistances are at 72.30 and then at 73.00.

 

Analyst Views Chart


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