Trend Theme： EUR/USD languishes under 1.2050, weighed by strong US data.
Trend Review：EUR/USD slumped on Wednesday and has dropped below 1.2050, weighed by strong US data. EUR/USD trades with losses of about 0.5%. A dovish FOMC minutes release did not impact price action at all.
|PP||Resistance*||1.2095 *||1.2148 **||1.2184 ***|
|1.2059||Support*||1.2006 *||1.1970 **||1.1917 ***|
Trend Theme：Bulls coming up for their last breath?
Trend Review：GBP/USD is on the verge of another higher high to stretch the pair towards the psychological 1.40 area. The focus should be on 4-hour resistance structure, and a breach will open prospects of another bullish daily impulse.
|PP||Resistance*||1.3907 *||1.3949 **||1.3988 ***|
|1.3868||Support*||1.3825 *||1.3787 **||1.3744 ***|
Trend Theme：WTI refreshes multi-month high above $61.50 on bullish API data, EIA inventories eyed.
Trend Review：WTI takes bids near $61.70, the fresh high since January 2020, during the early Asian session on Thursday. The oil benchmark recently gained bids on the lower-than-previous weekly inventory data from the American Petroleum Institute (API). EIA data, China’s return will be the key.
|PP||Resistance*||61.83 *||62.44 **||63.57 ***|
|60.70||Support*||60.10 *||58.96 **||58.36 ***|
Trend Theme：Gold nurses losses below $1800, China’s return, US dollar moves in focus.
Trend Review：Gold bears catch a breather around November 30 low after consecutive five days of declines. Gold struggles to overcome the lowest levels in 12 weeks, marked the previous day, with a brief bounce to $1,776 amid the early Asian session on Thursday.
|PP||Resistance*||1790.57 *||1806.39 **||1816.86 ***|
|1780.10||Support*||1764.28 *||1753.81 **||1737.99 ***|