home Latest News Commodities Technical Analysis, July 3rd – July 7th, 2017 – FX Empire

Commodities Technical Analysis, July 3rd – July 7th, 2017 – FX Empire

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Among other markets, commodities formed an interesting trade action during the previous week. Gold ‘Flash crash’ was a major event although gold was trading relatively clam beside the bizarre event. Crude oil prices bounced back to trade higher as reports confirmed that oil supply decreased.

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 July 2nd, 2017:

Crude Oil

Indicators

Moving Averages

RSI

Parabolic SAR

CCI

Short Neutral Long Long

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

40.21 41.43 43.80 45.02 47.39 48.61 50.98

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%

42.65 43.50 44.02 44.45 44.87 46.24

Crude Oil Daily Chart - FibonacciCrude Oil Daily Chart – Fibonacci

Gold

Indicators

Moving Averages

RSI

Parabolic SAR

CCI

Short Neutral Short Short

Gold Daily Chart - MAGold Daily Chart – MA

Floor Pivot Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

1214.69 1225.45 1233.31 1244.07 1251.93 1262.69 1270.55

Gold Daily Chart - Pivot PointsGold Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%

23.6%

38.2%

50.0%

61.8%

100.0%

1236.21 1240.60 1243.32 1245.52 1247.72 1254.83

Gold Daily Chart - FibonacciGold Daily Chart – Fibonacci

Silver

Indicators

Moving Averages

RSI

Parabolic SAR

CCI

Short Neutral Long Neutral

Silver Daily Chart - MASilver Daily Chart – MA

Floor Pivot Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

15.63 15.94 16.27 16.58 16.91 17.22 17.55

Silver Daily Chart - Pivot PointsSilver Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%

23.6%

38.2%

50.0%

61.8%

100.0%

16.24 16.39 16.48 16.56 16.64 16.88

Silver Daily Chart - FibonacciSilver Daily Chart – Fibonacci

Copper

Indicators

Moving Averages

RSI

Parabolic SAR

CCI

Long Overbought 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

253.90 257.11 263.15 266.36 272.40 275.61 281.65

Copper Daily Chart - Pivot PointsCopper Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%

23.6%

38.2%

50.0%

61.8%

100.0%

260.33 262.51 263.86 264.96 266.05 269.58

Copper Daily Chart - FibonacciCopper Daily Chart – Fibonacci

This post was originally published by EarnForex