Market Analysis on Tuesday 21 December 2021

2021-12-21 09:55Source:BtcDana

Gold Intraday: expect 1776.00.

 

Pivot:

1798.00

 

Our preference:

Short positions below 1798.00 with targets at 1782.00 & 1776.00 in extension.

 

Alternative scenario:

Above 1798.00 look for further upside with 1804.00 & 1809.00 as targets.

 

Comment:

The RSI advocates for further decline.


Analyst Views Chart


Crude Oil (WTI)‎ (G2)‎ Intraday: rebound.

 

Pivot:

67.90

 

Our preference:

Long positions above 67.90 with targets at 70.20 & 71.20 in extension.

 

Alternative scenario:

Below 67.90 look for further downside with 67.10 & 66.10 as targets.

 

Comment:

The RSI shows upside momentum.

 

Analyst Views Chart


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