Home » Financial Market Analysis » Commitment of Traders Report: Gold trading is sluggish, it is difficult to become a trend, crude oil momentum is weak, pay attention to support- Nov 25th, 2022
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Commitment of Traders Report: Gold trading is sluggish, it is difficult to become a trend, crude oil momentum is weak, pay attention to support- Nov 25th, 2022

Gold trading is sluggish, it is difficult to become a trend, crude oil momentum is weak, pay attention to support

Gold COT Report

Gold in the Asian market continued to decline, but the trading volume was average and not very high, so it can be understood as a continuation of the small wave of market at the end of the US market, and may not be able to walk out of a strong trend. Pay attention to the support of 1750-1749. As long as this support is not broken, there will be no strong pullback signal on the daily line. In addition, today is the day after Thanksgiving, and the United States is still on holiday, so the market will still not fluctuate too much. If you have the conditions, you can try to increase profits by swiping orders.

Silver COT Report

Silver rises fast and falls fast. At present, it has formed a bullish engulfment in 1 hour, and a pinbar is also suspected to appear in 4 hours. The resistance around 21.5 may hopefully stand firm, but the resistance of 21.66 has yet to be tested. Generally speaking, the situation of silver consolidation has not changed much, and there is still a greater chance of falling from the high level after the European market.

Crude Oil COT Report

Oil prices rose back to around 78 in the second half of the night. Although it can be regarded as a basic breakthrough from the hourly line, because the volume is too small, it is still doubtful how much upward momentum there is after the breakthrough, and it may even fall below 78 again. Please pay attention The resistance near 78.4 and whether there is a chance to step back at 78. If the 78.4 resistance can stand firm, there may be hope for resistance near 78.9-79 within the day, but the upward movement may take a long time because the trading volume is expected to be sluggish.

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