Technical analysis

03 December 2019

14:27 Brent crude is testing the MA (200) H4

Yesterday, Brent crude oil rose from the beginning of trading to $62.70, but by the end of trading lost all the positions won and closed the session around $61.35. Today, oil is trading in a narrow range-slightly above the closing level of yesterday's session ($61.60). Oil fell below the moving average line MA (200) H1 ($62.80), and tests of MA (200) H4 ($61.60)


Resistance level are at: $62.70-80, $63.85, $64.30

Support levels are at:  $61.00, $60.30, $59.10

Brent crude is testing the MA (200) H4 03.12.2019

The publication of analysis is a marketing communication and does not constitute recommendation, investment advice or research by TeleTrade. Analysis is not prepared in accordance with legal requirements promoting independent investment research. It is intended solely for informational and educational purposes and shall not be understood as an offer or solicitation to buy or sell financial instruments. Indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.

03 December 2019, 14:38

Gold is trading lower, below MA (200)

Market focus

  • Germany's trade surplus rose slightly in October
  • Swiss unemployment rate remained unchanged in November
  • China says hopes it can reach trade agreement with U.S. as soon as possible
  • Eurozone investor confidence rose sharply in December - Sentix
December 2019
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
1
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
REGISTER FOR TRAINING