Watching Oil, Copper & AUD support

I’m keenly watching Crude Oil prices today.
The chart below shows the support level Brent is at.
Those trendlines were drawn up on November 5th, when Brent was $85.

Note, the other commentary as well. Amongst monitoring other indicators, the price action that I am watching is whether or not we see new ‘lower lows’.

Copper is testing a $4.20 support and the AUDUSD is flirting whether it holds 0.7100.

December 2, 2021
by Rob Zdravevski
rob@karriasset.com.au

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