Bay Street Likely To Open Slightly Higherfxcue.com

(fxcue news) - Canadian shares are likely to open higher on Tuesday, and trading may be a bit lackluster and volumes rather thin as the market will close at 1 pm, and remain closed on Wednesday and Thursday for Christmas and Boxing Day holidays. Rogers Communications Inc. (RCI.B.TO) will be in focus after Canada's antitrust regulator said it was suing the company for allegedly misleading customers about offering unlimited data under some plans. The Canadian market closed on a firm note on Monday, lifted by gains in energy stocks. The start was a bit shaky, but stocks gained in strength as the day progressed as buying gathered momentum, although volumes remained a bit thin ahead of upcoming Christmas holidays. The benchmark S&P/TSX Composite Index, which dropped to 24,510.50, rallied to close with a gain of 149.50 points or 0.61% at 24,748,98, Asian stocks closed mostly higher on Tuesday after moving in a tight range. Markets in Hong Kong and Sydney closed early for Christmas Eve. European stocks are slightly higher on thin volumes. Markets in German and Switzerland are closed today, while the U.K. and France will close early for Christmas Eve. In commodities, West Texas Intermediate crude oil futures are up $0.41 or 0.58% at $69.65 a barrel. Gold futures are up $2.30 or 0.1% at $2,630.50 an ounce, while Silver futures are down $0.049 or 0.16% at $30.140 an ounce.

Bay Street Likely To Open Slightly Higher

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Last Friday's long gold trading took profit, and today's two short selling transactions also took profit, perfect

Buy more directly near the current gold price of 2626, with targets of 2642, 2650, and 2664; If three points of 2642, 2650, and 2664 are given for the first time, short selling is allowed; If you buy more in batches around three o'clock on 2623, 2620, and 2614;

Gold has emerged from the convergence triangle, and you can buy long after the afternoon rebound. Pay attention to the support levels of 2620 and 2616 below, and the pressure level of 2633 above! Buy long near gold 2622 and 2618, stop loss 2612, target 2633-40

Spot gold: buy long at 2616-10, stop loss at 7 points, target 28-36, look up in sequence;2632-38 short selling, stop loss of 7 points, target 16-10-06 stage open positions to gradually reduce positions. Let's take a look below;

Gold rebounds with a short selling range of 2635-2640, with a stop loss of 2649 and a target range of 2598-2600;

Crude oil, focus on resistance at $70.6-71.5 above and support at $69.3-68.5 below.

Today, the rebound in gold trading is mainly driven by short selling, supplemented by buying during a pullback. The short-term focus is on the resistance line of 2620-2625 above, and the short-term focus is on the support line of 2600-2598 below.

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Bay Street Likely To Open Slightly Higher

China Stock Market Poised To End Losing Streak

Sensex

Swiss Franc Weakens Against Most Majors

Australian Market Slightly Higher

Indian Rupee Hits Record Low Against U.S. Dollar

FSIS Announces Recalls Of Pork

Bay Street Likely To Open Slightly Higher

RBA Minutes: Australia GDP Remains Softer Than Expected

Please sign in

Trader

Last Friday's long gold trading took profit, and today's two short selling transactions also took profit, perfect

Buy more directly near the current gold price of 2626, with targets of 2642, 2650, and 2664; If three points of 2642, 2650, and 2664 are given for the first time, short selling is allowed; If you buy more in batches around three o'clock on 2623, 2620, and 2614;

Gold has emerged from the convergence triangle, and you can buy long after the afternoon rebound. Pay attention to the support levels of 2620 and 2616 below, and the pressure level of 2633 above! Buy long near gold 2622 and 2618, stop loss 2612, target 2633-40

Spot gold: buy long at 2616-10, stop loss at 7 points, target 28-36, look up in sequence;2632-38 short selling, stop loss of 7 points, target 16-10-06 stage open positions to gradually reduce positions. Let's take a look below;

Gold rebounds with a short selling range of 2635-2640, with a stop loss of 2649 and a target range of 2598-2600;

Crude oil, focus on resistance at $70.6-71.5 above and support at $69.3-68.5 below.

Today, the rebound in gold trading is mainly driven by short selling, supplemented by buying during a pullback. The short-term focus is on the resistance line of 2620-2625 above, and the short-term focus is on the support line of 2600-2598 below.

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