Commodities Technical Analysis, September 18th – September 22nd, 2017
Gold prices settled lower last week as traders reacted to the ECB and Federal Reserve monetary tightening policy which decreased the demand for gold.
Oil prices closed the previous week higher after the IEA report which signaled higher demand this year.
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 September 17th, 2017:
Crude Oil
Indicators
| Moving Averages | RSI | Parabolic SAR | CCI |
| Long | Neutral | Long | Long |
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 44.29 | 45.64 | 47.78 | 49.13 | 51.27 | 52.62 | 54.76 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 46.99 | 47.81 | 48.32 | 48.74 | 49.15 | 50.48 |
Gold
Indicators
| Moving Averages | RSI | Parabolic SAR | CCI |
| Long | Neutral | Short | Short |
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 1287.98 | 1301.79 | 1311.23 | 1325.04 | 1334.48 | 1348.29 | 1357.73 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 1315.60 | 1321.09 | 1324.48 | 1327.23 | 1329.97 | 1338.85 |
Silver
Indicators
| Moving Averages | RSI | Parabolic SAR | CCI |
| Long | Neutral | Short | Short |
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 17.02 | 17.29 | 17.43 | 17.70 | 17.84 | 18.11 | 18.25 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 17.55 | 17.65 | 17.71 | 17.76 | 17.80 | 17.96 |
Copper
Indicators
| Moving Averages | RSI | Parabolic SAR | CCI |
| Long | Neutral | Short | Short |
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 266.35 | 278.30 | 285.30 | 297.25 | 304.25 | 316.20 | 323.20 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 290.25 | 294.72 | 297.49 | 299.73 | 301.96 | 309.20 |
This post was originally published by EarnForex
This article was originally posted on FX Empire
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