GOLD & CRUDE OIL – Dec 1st, 2021 » Be taught To Commerce The Market

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GOLD – SPOT

Value Motion: Bearish Pin Bar lately and Bearish Fakey Setup triggered decrease lately.

Feedback: Decrease lowers and a current shut under $1808 assist space, together with the two successive bearish higher tails, collectively recommend sturdy quick time period promote strain.

Concept: Contemplating promoting on a retracement at or across the $1808 resistance space.

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CRUDE OIL – FUTURES

Value Motion: No value motion alerts value noting.

Feedback: Main crash in costs lately discovered assist simply above $61.66 main long run assist degree.

Concept: Contemplating shopping for on a retracement to round $61.66 to $65.30 assist space (ideally nearer to $61.66 main degree space), and / or after a value motion sign to substantiate an entry.

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Chart Commentary Disclaimer: Nial Fuller’s and Be taught To Commerce The Market’s evaluation and feedback under shouldn’t be thought of monetary recommendation or a advice to commerce or put money into any monetary product. Your private monetary circumstances and danger limits haven’t been considered within the under evaluation and feedback. This text is for normal academic functions solely. Don’t blindly purchase and promote the monetary merchandise mentioned on this e-newsletter. All the time do your personal evaluation and analysis and be expressly conscious of the dangers and rewards in buying and selling or investing in any monetary product.

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