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Commodities Technical Analysis, July 10th – July 14th, 2017 – FX Empire

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Gold prices moved lower as the Dollar gained traction in the wake of the stronger than expected U.S. payroll report.  Prices hit fresh 4-month lows at 1,207, but rebounded into the close near support at 1,212.

Crude oil prices continued to tumble late last week even after the release of potentially bullish inventories data from the U.S. government.

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 9th, 2017:

Crude Oil

Indicators

Moving Averages

RSI

Parabolic SAR

CCI

Short Neutral Short Neutral

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

39.35 41.55 42.92 45.12 46.49 48.69 50.06

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%

43.76 44.60 45.12 45.55 45.97 47.33

Crude Oil Daily Chart - FibonacciCrude Oil Daily Chart – Fibonacci

Gold

Indicators

Moving Averages

RSI

Parabolic SAR

CCI

Short Oversold 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

1169.11 1188.11 1200.05 1219.05 1230.99 1249.99 1261.93

Gold Daily Chart - Pivot PointsGold Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%

23.6%

38.2%

50.0%

61.8%

100.0%

1207.11 1214.41 1218.93 1222.58 1226.23 1238.05

Gold Daily Chart - FibonacciGold Daily Chart – Fibonacci

Silver

Indicators

Moving Averages

RSI

Parabolic SAR

CCI

Short Oversold Short Short

Silver Daily Chart - MASilver Daily Chart – MA

Floor Pivot Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

12.14 13.24 14.40 15.50 16.66 17.76 18.92

Silver Daily Chart - Pivot PointsSilver Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%

23.6%

38.2%

50.0%

61.8%

100.0%

14.35 14.88 15.21 15.48 15.75 16.61

Silver Daily Chart - FibonacciSilver Daily Chart – Fibonacci

Copper

Indicators

Moving Averages

RSI

Parabolic SAR

CCI

Long Neutral Long Neutral

Copper Daily Chart - MACopper Daily Chart – MA

Floor Pivot Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

253.45 257.80 260.30 264.65 267.15 271.50 274.00

Copper Daily Chart - Pivot PointsCopper Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%

23.6%

38.2%

50.0%

61.8%

100.0%

262.15 263.77 264.77 265.58 266.38 269.00

Copper Daily Chart - FibonacciCopper Daily Chart – Fibonacci

This post was originally published by EarnForex