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Commodities Technical Analysis, December 11th – December 15th, 2017

By:
Andriy Moraru
Published: Dec 10, 2017, 12:13 UTC

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

Commodities Technical Analysis

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
Crude Oil Daily Chart - Indicators
Crude Oil Daily Chart – Indicators

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
Crude Oil Daily Chart - Pivot Points
Crude Oil Daily Chart – Pivot Points

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
Crude Oil Daily Chart - Fibonacci
Crude Oil Daily Chart – Fibonacci

Gold

Indicators

Moving Averages RSI Parabolic SAR CCI
Short Neutral Short Short
Gold Daily Chart - Indicators
Gold Daily Chart – Indicators

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
Gold Daily Chart - Pivot Points
Gold Daily Chart – Pivot Points

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
Gold Daily Chart - Fibonacci
Gold Daily Chart – Fibonacci

Silver

Indicators

Moving Averages RSI Parabolic SAR CCI
Short Oversold Short Short
Silver Daily Chart - Indicators
Silver Daily Chart – Indicators

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
Silver Daily Chart - Pivot Points
Silver Daily Chart – Pivot Points

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
Silver Daily Chart - Fibonacci
Silver Daily Chart – Fibonacci

Copper

Indicators

Moving Averages RSI Parabolic SAR CCI
Short Neutral Short Short
Copper Daily Chart - Indicators
Copper Daily Chart – Indicators

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
Copper Daily Chart - Pivot Points
Copper Daily Chart – Pivot Points

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
Copper Daily Chart - Fibonacci
Copper Daily Chart – Fibonacci

This post was originally published by EarnForex

About the Author

Andriy Morarucontributor

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