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Commodities Technical Analysis, June 12th – June 16th, 2017 – FX Empire

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As political turmoil hits markets, commodities might be traders’ safe haven assets in the upcoming week. Commodities and previous metals had a negative performance during the previous week. In the week ahead, UK election results and the Federal Reserve meeting on Wednesday can add to volatile price action.

The technical analysis, that includes the indicators’ data and major pivot points for WTI Oil, Gold, Silver and Copper as traded on spot market as of June 11th, 2017:

Crude Oil

Indicators

Moving Averages

RSI

Parabolic SAR

CCI

Short Neutral Short Short

Crude Oil Daily Chart - MACrude Oil Daily Chart – MA

Floor Pivot Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

41.41 43.31 44.59 46.49 47.77 49.67 50.95

Crude Oil Daily Chart - Pivot PointsCrude Oil Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%

23.6%

38.2%

50.0%

61.8%

100.0%

45.21 45.96 46.42 46.80 47.18 48.39

Crude Oil Daily Chart - FibonacciCrude Oil Daily Chart – Fibonacci

Gold

Indicators

Moving Averages

RSI

Parabolic SAR

CCI

Long Neutral Short Neutral

Gold Daily Chart - MAGold Daily Chart – MA

Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

1224.39 1244.40 1255.79 1275.80 1287.19 1307.20 1318.59

Gold Daily Chart - Pivot PointsGold Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%

23.6%

38.2%

50.0%

61.8%

100.0%

1264.41 1271.82 1276.40 1280.11 1283.82 1295.81

Gold Daily Chart - FibonacciGold Daily Chart – Fibonacci

Silver

Indicators

Moving Averages

RSI

Parabolic SAR

CCI

Long Neutral Short Neutral

Silver Daily Chart - MASilver Daily Chart – MA

Floor Pivot Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

16.36 16.74 16.97 17.35 17.58 17.96 18.19

Silver Daily Chart - Pivot PointSilver Daily Chart – Pivot Point

Fibonacci Retracement Levels

0.0%

23.6%

38.2%

50.0%

61.8%

100.0%

17.13 17.27 17.36 17.44 17.51 17.74

Silver Daily Chart - FibonacciSilver Daily Chart – Fibonacci

Copper

Indicators

Moving Averages

RSI

Parabolic SAR

CCI

Long Neutral Long Long

Copper Daily Chart - MACopper Daily Chart – MA

Floor Pivot Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

240.95 245.76 254.55 259.36 268.15 272.96 281.75

Copper Daily Chart - Pivot PointsCopper Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%

23.6%

38.2%

50.0%

61.8%

100.0%

250.58 253.79 255.78 257.38 258.98 264.18

Copper Daily Chart - FibonacciCopper Daily Chart – Fibonacci

This post was originally published by EarnForex