Here are today's directional views from the global research desks of Ventura Prime FX! These are starting points for your own research to identify opportunities that make sense for you. Like what you see? Feel free to forward this to a friend!
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DAILY NEWS BRIEF - MARKET OUTLOOK
December 5, 2021
 
 
 
Here are today's directional views from the global research desks of Ventura Prime FX! These are starting points for your own research to identify opportunities that make sense for you. Like what you see? Feel free to forward this to a friend!
 
 
 
NA
 
 
 
EUR/USD   GBP/USD   USD/JPY   Gold   Silver spot   Crude Oil (WTI)   Dow Jones (CME)   S&P 500 (CME)  
 
 
 
 
  Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
 
 
     
 
EUR/USD intraday: the upside prevails as long as 1.1272 is support
 
Our pivot point stands at 1.1272.
 
Our preference:
The upside prevails as long as 1.1272 is support.
 
Alternative scenario:
Below 1.1272, expect 1.1230 and 1.1205.
 
Comment:
The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.1304 and 1.1300).
 
Analyst Views Chart
 
 
 
 
 
GBP/USD intraday: rebound towards 1.3306
 
Our pivot point is at 1.3195.
 
Our preference:
Rebound towards 1.3306.
 
Alternative scenario:
Below 1.3195, expect 1.3155 and 1.3131.
 
Comment:
The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.3248 and 1.3273).
 
Analyst Views Chart
 
 
 
 
 
USD/JPY intraday: the downside prevails as long as 113.11 is resistance
 
113.11 is our pivot point.
 
Our preference:
The downside prevails as long as 113.11 is resistance.
 
Alternative scenario:
The upside breakout of 113.11, would call for 113.51 and 113.75.
 
Comment:
The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 113.07 and 113.15).
 
Analyst Views Chart
 
 
 
 
 
Gold intraday: the upside prevails as long as 1775.50 is support
 
Our pivot point stands at 1775.50.
 
Our preference:
The upside prevails as long as 1775.50 is support.
 
Alternative scenario:
Below 1775.50, expect 1764.50 and 1758.
 
Comment:
The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Gold is trading above both its 20 and 50 period moving average (respectively at 1776.70 and 1773.10).
 
Analyst Views Chart
 
 
 
 
 
Silver intraday: the upside prevails as long as 22.40 is support
 
Our pivot point stands at 22.40.
 
Our preference:
The upside prevails as long as 22.40 is support.
 
Alternative scenario:
The downside breakout of 22.40 would call for 22.25 and 22.15.
 
Comment:
The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Silver is trading above both its 20 and 50 period moving average (respectively at 22.40 and 22.39).
 
Analyst Views Chart
 
 
 
 
 
Crude Oil (WTI)‎ (F2)‎ Intraday: the downside prevails.
 
Pivot:
67.00
 
Our preference:
Short positions below 67.00 with targets at 64.90 & 63.80 in extension.
 
Alternative scenario:
Above 67.00 look for further upside with 68.90 & 70.55 as targets.
 
Comment:
Technically the RSI is below its neutrality area at 50.
 
Analyst Views Chart
 
 
 
 
 
Dow Jones (CME)‎ (Z1)‎ Intraday: the downside prevails.
 
Pivot:
34725.00
 
Our preference:
Short positions below 34725.00 with targets at 34230.00 & 33900.00 in extension.
 
Alternative scenario:
Above 34725.00 look for further upside with 34930.00 & 35230.00 as targets.
 
Comment:
As long as 34725.00 is resistance, expect a return to 34230.00.
 
Analyst Views Chart
 
 
 
 
 
S&P 500 (CME)‎ (Z1)‎ Intraday: 4420.00 expected.
 
Pivot:
4558.00
 
Our preference:
Short positions below 4558.00 with targets at 4458.00 & 4420.00 in extension.
 
Alternative scenario:
Above 4558.00 look for further upside with 4607.00 & 4646.00 as targets.
 
Comment:
The RSI is below its neutrality area at 50%
 
Analyst Views Chart
 
 
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