Technical Analysis Report On Stocks, Crypto, Commodities – 07 December 2021

 Technical Analysis – Asian shares staged a recovery on Tuesday on receding worries about the impact of the Omicron variant. The Shanghai composite is down 0.17% at 3,583.77. Overall, the Singapore MSCI down 0.22% at 343.00. Over in Hong Kong, the Hang Seng Index up 2.03% at 23,806.00. In Japan, the Nikkei 225 up 2.30% at 28,490.00, while the Topix index is up 2.26% at 1987.0. South Korea’s Kospi up 0.58% to 2991.22. Australia S&P/ASX 200 up 0.95% at 7313.9.

European equities Monday closing. The DAX futures contract in Germany traded up 1.39% at 15380.79, CAC 40 futures up 1.48% at 6865.79 and the UK 100 futures contract in the U.K. up 1.54% at 7,232.29.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.87% at 35227.04. The S&P 500 up 1.17% at 4591.68 and the Nasdaq 100 up 0.85% at 15846.16, NYSE closes up 1.49% at 16591.96.

In the Forex market, GBPUSD up 0.18% at 1.3286. The USDJPY up 0.20% at 113.70. The USDCHF down 0.03% at 0.92431. EURUSD up 0.11% at 1.12956, EUR/GBP down 0.03% at 0.8502. The USD/CNY down 0.12% at 6.3684 at the time of writing.

In the commodity market U.S. Gold futures up 0.20% at $1,781.92. Elsewhere, Silver futures up 0.28% to $22.43 per ounce, Platinum up 0.69% at $943.50 per ounce, and Palladium down 0.30% at $1844.50.

Crude Oil up on Tuesday; Brent crude oil up 0.38% at $73.92 per barrel while U.S. West Texas Intermediate (CLc1) is up 3.56% at $69.44.

In the Cryptocurrency Markets, Bitcoin at 51248.87 up 1.37%, Ethereum up 0.31% at 4370.65, Litecoin at 160.53 down 0.71%, at the time of writing.

TECHNICAL SUMMARY

GBPUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.32821, TAKE PROFIT AT 1.32509 AND STOP LOSS AT 1.33026

Read Full Report Click Here – Technical Analysis

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