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Your Daily Technical Analysis Newsletter
November 29, 2022
 
   
 
EUR/USD   GBP/USD   Dow Jones (CME)   Gold   Dax (Eurex)   Brent (ICE)   Nasdaq 100 (CME)   Apple   Tesla   Crude Oil (WTI)  
 
 
 
 
  Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
 
 
     
 
 
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WTI Crude Oil Futures (January) - Watch Overhead Resistance $79.80
 
WTI Oil Price continues a strong bullish reversal that started yesterday. It stays above both positively-sloped 20-bar and 50-bar moving averages. Upon returning to previous high of $79.80, oil price should then target $81.00.
 
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EUR/USD Intraday: the upside prevails.
 
Pivot:
1.0330
 
Our preference:
Long positions above 1.0330 with targets at 1.0410 & 1.0430 in extension.
 
Alternative scenario:
Below 1.0330 look for further downside with 1.0300 & 1.0280 as targets.
 
Comment:
The RSI is mixed to bullish.
 
Analyst Views Chart
 
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GBP/USD Intraday: the upside prevails.
 
Pivot:
1.1975
 
Our preference:
Long positions above 1.1975 with targets at 1.2065 & 1.2105 in extension.
 
Alternative scenario:
Below 1.1975 look for further downside with 1.1935 & 1.1900 as targets.
 
Comment:
The RSI is mixed to bullish.
 
Analyst Views Chart
 
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Dow Jones (CME)‎ (Z2)‎ Intraday: under pressure.
 
Pivot:
34010.00
 
Our preference:
Short positions below 34010.00 with targets at 33800.00 & 33730.00 in extension.
 
Alternative scenario:
Above 34010.00 look for further upside with 34100.00 & 34180.00 as targets.
 
Comment:
The RSI is below its neutrality area at 50%
 
Analyst Views Chart
 
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Gold Intraday: bullish bias above 1746.00.
 
Pivot:
1746.00
 
Our preference:
Long positions above 1746.00 with targets at 1764.00 & 1770.00 in extension.
 
Alternative scenario:
Below 1746.00 look for further downside with 1738.00 & 1733.00 as targets.
 
Comment:
The RSI is mixed with a bullish bias.
 
Analyst Views Chart
 
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Dax (Eurex)‎ Intraday: under pressure.
 
Pivot:
14480.00
 
Our preference:
Short positions below 14480.00 with targets at 14340.00 & 14290.00 in extension.
 
Alternative scenario:
Above 14480.00 look for further upside with 14530.00 & 14572.00 as targets.
 
Comment:
As long as the resistance at 14480.00 is not surpassed, the risk of the break below 14340.00 remains high.
 
Analyst Views Chart
 
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Brent (ICE)‎ (G3)‎ Intraday: intraday support around 84.30.
 
Pivot:
84.30
 
Our preference:
Long positions above 84.30 with targets at 86.90 & 88.00 in extension.
 
Alternative scenario:
Below 84.30 look for further downside with 83.10 & 82.20 as targets.
 
Comment:
The RSI is mixed with a bullish bias.
 
Analyst Views Chart
 
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Nasdaq 100 (CME)‎ (Z2)‎ Intraday: key resistance at 11735.00.
 
Pivot:
11735.00
 
Our preference:
Short positions below 11735.00 with targets at 11610.00 & 11575.00 in extension.
 
Alternative scenario:
Above 11735.00 look for further upside with 11790.00 & 11842.00 as targets.
 
Comment:
As long as 11735.00 is resistance, look for choppy price action with a bearish bias.
 
Analyst Views Chart
 
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Apple intraday: the RSI is oversold
 
Our pivot point stands at 145.
 
Our preference:
The downside prevails as long as 145 is resistance.
 
Alternative scenario:
Above 145, look for 146.4 and 147.2.
 
Comment:
The RSI is trading below 30. This could mean that either prices are in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Apple stands below its 20 and 50 period moving average (respectively at 146.08 and 148.39).
 
Analyst Views Chart
 
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Tesla intraday: as long as 179.2 is support look for 193.4
 
179.2 is our pivot point.
 
Our preference:
As long as 179.2 is support look for 193.4.
 
Alternative scenario:
The downside breakout of 179.2 would call for 173.8 and 170.8.
 
Comment:
The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Tesla is below its 20 period moving average (184.23) but above its 50 period moving average (178.53).
 
Analyst Views Chart
 
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Crude Oil (WTI)‎ (F3)‎ Intraday: bullish bias above 77.50.
 
Pivot:
77.50
 
Our preference:
Long positions above 77.50 with targets at 79.80 & 81.00 in extension.
 
Alternative scenario:
Below 77.50 look for further downside with 76.30 & 75.20 as targets.
 
Comment:
The break above 77.50 is a positive signal that has opened a path to 79.80.
 
Analyst Views Chart
 
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