home Latest News Commodities Technical Analysis, August 7th – August 11th, 2017 – FX Empire

Commodities Technical Analysis, August 7th – August 11th, 2017 – FX Empire

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Although gold prices rose to a seven week high during the previous week, better than expected NFP report on Friday pushed gold prices down to finish a negative week at $1258.25.

Crude oil prices were mixed during the previous week as every day had a different price action sentiment. However, in the end of the week, oil prices finished relatively unchanged.

In the week ahead, OPEC and IEA will publish their monthly reports.

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 August 6th, 2017:

Crude Oil

Indicators

Moving Averages RSI Parabolic SAR CCI
Long Neutral Short Neutral

Crude Oil Daily Chart - IndicatorsCrude Oil Daily Chart – Indicators

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
46.34 47.35 48.39 49.40 50.44 51.45 52.49

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%
48.35 48.83 49.13 49.38 49.62 50.40

Crude Oil Daily Chart - FibonacciCrude Oil Daily Chart – Fibonacci

Gold

Indicators

Moving Averages RSI Parabolic SAR CCI
Long Neutral Short Neutral

Gold Daily Chart - IndicatorsGold Daily Chart – Indicators

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1230.34 1242.16 1250.25 1262.07 1270.16 1281.98 1290.07

Gold Daily Chart - Pivot PointsGold Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1253.98 1258.68 1261.59 1263.94 1266.28 1273.89

Gold Daily Chart - FibonacciGold Daily Chart – Fibonacci

Silver

Indicators

Moving Averages RSI Parabolic SAR CCI
Neutral Neutral Short Short

Silver Daily Chart - IndicatorsSilver Daily Chart – Indicators

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
15.19 15.68 15.96 16.45 16.73 17.22 17.50

Silver Daily Chart - Pivot PointsSilver Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
16.16 16.34 16.45 16.55 16.64 16.93

Silver Daily Chart - FibonacciSilver Daily Chart – Fibonacci

Copper

Indicators

Moving Averages RSI Parabolic SAR CCI
Long Overbought Long Neutral

Copper Daily Chart - IndicatorsCopper Daily Chart – Indicators

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
280.70 282.86 285.30 287.46 289.90 292.06 294.50

Copper Daily Chart - Pivot PointsCopper Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
285.03 286.12 286.79 287.33 287.87 289.63

Copper Daily Chart - FibonacciCopper Daily Chart – Fibonacci

This post was originally published by EarnForex