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Commodities Technical Analysis, December 11th – December 15th, 2017
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Gold prices dropped last week to their lowest level since July 18 on strong US dollar. Gold futures settled at $1248.40, down -2.64%. WTI Crude oil prices
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Gold prices dropped last week to their lowest level since July 18 on strong US dollar. Gold futures settled at $1248.40, down -2.64%. WTI Crude oil prices fell for a second consecutive week and settled at $57.36, -1.71%.
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 December 10th, 2017:
Crude Oil
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 |
| 53.91 | 54.86 | 56.12 | 57.07 | 58.33 | 59.28 | 60.54 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 55.80 | 56.32 | 56.64 | 56.91 | 57.17 | 58.01 |
Gold
Indicators
| Moving Averages | RSI | Parabolic SAR | CCI |
| Short | Neutral | Short | Short |
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 1201.66 | 1222.55 | 1235.16 | 1256.05 | 1268.66 | 1289.55 | 1302.16 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 1243.43 | 1251.34 | 1256.23 | 1260.18 | 1264.13 | 1276.93 |
Silver
Indicators
| Moving Averages | RSI | Parabolic SAR | CCI |
| Short | Oversold | Short | Short |
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 14.71 | 15.16 | 15.48 | 15.93 | 16.25 | 16.70 | 17.02 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 15.60 | 15.78 | 15.89 | 15.99 | 16.08 | 16.37 |
Copper
Indicators
| Moving Averages | RSI | Parabolic SAR | CCI |
| Short | Neutral | Short | Short |
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 270.29 | 280.55 | 287.47 | 297.73 | 304.65 | 314.91 | 321.83 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 290.80 | 294.85 | 297.36 | 299.39 | 301.42 | 307.98 |
This post was originally published by EarnForex
About the Author
Andriy Morarucontributor
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