Market Analysis on Friday 17 December 2021

2021-12-17 09:35Source:BtcDana

Gold Intraday: further advance.

 

Pivot:

1786.00

 

Our preference:

Long positions above 1786.00 with targets at 1808.00 & 1815.00 in extension.

 

Alternative scenario:

Below 1786.00 look for further downside with 1779.00 & 1772.00 as targets.

 

Comment:

The RSI shows upside momentum.


Analyst Views Chart


Crude Oil (WTI)‎ (F2)‎ Intraday: testing the channel support.

 

Pivot:

71.30

 

Our preference:

Long positions above 71.30 with targets at 72.55 & 73.00 in extension.

 

Alternative scenario:

Below 71.30 look for further downside with 70.65 & 70.00 as targets.

 

Comment:

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.


Analyst Views Chart


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