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Commodities Technical Analysis, December 4th – December 8th, 2017
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Gold closed the previous week lowe despite rising concerns over the North Korean first ballistic missile launch and the political uncertainty in the
Gold closed the previous week lowe despite rising concerns over the North Korean first ballistic missile launch and the political uncertainty in the US. Gold futures finished the week at $1282.30, down $9.50 or -0.74%. WTI crude oil prices remained steady after the OPEC meeting on Thursday, WTI crude oil settled at $58.36, down $0.59 or -1.00%.
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 3rd, 2017:
Crude Oil
Indicators
| Moving Averages | RSI | Parabolic SAR | CCI |
| Long | Neutral | Long | Neutral |
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 54.97 | 55.85 | 57.08 | 57.96 | 59.19 | 60.07 | 61.30 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 56.74 | 57.24 | 57.55 | 57.80 | 58.04 | 58.85 |
Gold
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 |
| 1238.52 | 1254.33 | 1267.37 | 1283.18 | 1296.22 | 1312.03 | 1325.07 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 1270.14 | 1276.95 | 1281.16 | 1284.57 | 1287.97 | 1298.99 |
Silver
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 |
| 15.05 | 15.63 | 16.03 | 16.61 | 17.01 | 17.59 | 17.99 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 16.20 | 16.43 | 16.57 | 16.69 | 16.81 | 17.18 |
Copper
Indicators
| Moving Averages | RSI | Parabolic SAR | CCI |
| Short | Neutral | Short | Neutral |
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 285.93 | 293.61 | 299.76 | 307.44 | 313.59 | 321.27 | 327.42 |
Fibonacci retracement levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 301.30 | 304.56 | 306.58 | 308.22 | 309.85 | 315.13 |
This post was originally published by EarnForex
About the Author
Andriy Morarucontributor
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