Gold prices posted a strong gain last week as economic data from the US raised concerns over the Fed’s projections for another rate hike this year.

Crude oil traders shrugged off potentially negative news to post a strong close for the week. In the week ahead, markets will continue to focus central banks rate hike projections with the RBA meeting minutes, BoJ rate decision and ECB rate decision.

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 16th, 2017:

Crude Oil

Indicators

Floor Pivot Points

Fibonacci Retracement Levels

Gold

Indicators

Floor Pivot Points

Fibonacci Retracement Levels

Silver

Indicators

Floor Pivot Points

Fibonacci Retracement Levels

Copper

Indicators

Floor Pivot Points

Fibonacci Retracement Levels

This post was originally published by EarnForex

This article was originally posted on FX Empire

More From FXEMPIRE:

• Commodities Technical Analysis, July 17th – July 21st, 2017

• Gold, Silver Poised for Modest Weekly Gains amid Weaker US Dollar

• Price of Gold Fundamental Weekly Forecast – Rising Demand for Higher Risk Assets Could Limit Gains

• Oil Price Fundamental Weekly Forecast – Speculative Buying, Short-covering Could Drive Prices Higher

• Natural Gas Price Fundamental Weekly Forecast – Short-sellers Won’t Budge Unless the Heat Lingers

• Comex High Grade Copper Price Futures (HG) Technical Analysis – Could Breakout to Upside on Weaker Dollar, Supply Concerns