Darkangels pips hunter

Gold should find resistance as it reaches 1800/15 area

Oil :

OIL BULLISH

1. Overall situation with respect to coronavirus is only improving
2. The production boom may be behind us
3. Biden administration to impose restrictions on US oil companies
4. OPEC+ group of producers' reaches an agreement to cut production
5. Oil to get past demand concerns amid OPEC+ production cuts
6. A Joe Biden victory the US lifting sanctions
7. Hurricane in the Gulf of Mexico forces the closure of refineries and production facilities
8. Periods of higher inflation accompany increases in oil prices
9. Trump re-election to be positive for energy sector
10. US oil and gas production to tumble under Biden presidency
11. Oil prices rebalancing at a much faster pace than expected
12. Longs once production cut chatter changing into a reality
13. Production is likely to fall rapidly

OIL BEARISH

1. Oil demand recovery may not emerge due to new restrictions on mobility
2. Delta weighing heavily on oil
3. Dry bulk shipping stocks are rising
4. Four reasons oil faces headwinds
5. New working-from-home models to cuts in business and leisure air travel
6. Shift towards electric cars to accelerate
7. Travel restrictions to cripple OPEC's plans to raise output
8. OPEC+ may struggle to balance the market even with cuts
9. The IEA says that a vaccine is not likely to rescue oil until after the first half of 2021
10. Libya ramps up production while Covid dampens demand
11. The rise of home working
12. Poor products demand, large product inventories and weak product cracks
13. Oversupply fears to drag down prices

GU did great work.

Hello everyone, hope you are well

Good Day DA,

Oil reaches resistance area 66,50/80

GU on resistance 1,3750/77

Silver 123 bearish, SL 23,77

Gold on resistance

And myself on support

thank you very much DA,

AU in a 123bearish , SL 0,7360 with target 0,7070

Oil in a bearish divergence targeting south.

UsdJpy in a possible bullish divergence , targeting north

Oil in the way creates 123 bearish, not confirmed yet.

Resistance 65,80 , target 61,58

Hello everyone, hope you are well

Good Day DA,

The market act not in as normal, I am stepping aside for now.

GU on 123 small one targeting 1.3750 area, SL close below 1,3712 on 15m

UsdJpy in a bullish divergence targeting 110,16

123 bullish on 4hr, targeting 111,20

Oil should find resistance on 68,10/50 area could fall from there.

That will be all for now, I highly recommend not taking high-risk trades, and expecting some dollar strength.

Gold:

Price above 1797 then buy target 1808

Price below 1797 then sell target 1787