Commodities Technical Analysis, November 6th – November 10th, 2017
Gold prices closed the previous week slightly lower as the uptrend momentum failed to push prices higher. Gold settled at $1269.20, down or -0.20%.
WTI crude oil prices continue to rise during the previous week as rising global demand increased and over expectations that OPEC and other producing countries will extend a deal to cut production. WTI crude oil settled at $55.64, up +3.23%
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 November 5th, 2017:
Crude Oil
Indicators
| Moving Averages | RSI | Parabolic SAR | CCI |
| Long | Overbought | Long | Long |
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 52.37 | 53.06 | 54.37 | 55.06 | 56.37 | 57.06 | 58.37 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 53.75 | 54.22 | 54.51 | 54.75 | 54.99 | 55.75 |
Gold
Indicators
| Moving Averages | RSI | Parabolic SAR | CCI |
| Short | Neutral | Long | Neutral |
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 1243.27 | 1254.30 | 1262.14 | 1273.17 | 1281.01 | 1292.04 | 1299.88 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 1265.33 | 1269.78 | 1272.54 | 1274.77 | 1276.99 | 1284.20 |
Silver
Indicators
| Moving Averages | RSI | Parabolic SAR | CCI |
| Neutral | Neutral | Long | Neutral |
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 15.93 | 16.28 | 16.55 | 16.90 | 17.17 | 17.52 | 17.79 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 16.62 | 16.77 | 16.86 | 16.93 | 17.00 | 17.24 |
Copper
Indicators
| Moving Averages | RSI | Parabolic SAR | CCI |
| Long | Neutral | Short | Neutral |
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 297.20 | 302.56 | 306.55 | 311.91 | 315.90 | 321.26 | 325.25 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 307.93 | 310.14 | 311.50 | 312.61 | 313.71 | 317.28 |
This post was originally published by EarnForex
This article was originally posted on FX Empire