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Commodities Technical Analysis, December 4th – December 8th, 2017

By:
Andriy Moraru
Updated: Dec 3, 2017, 13:10 GMT+00:00

Gold closed the previous week lowe despite rising concerns over the North Korean first ballistic missile launch and the political uncertainty in the

commodities

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
Crude Oil Daily Chart – Indicators

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
Crude Oil Daily Chart – Pivot Points

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
Crude Oil Daily Chart – Fibonacci

Gold

Indicators

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

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
Gold Daily Chart – Pivot Points

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
Gold Daily Chart – Fibonacci

Silver

Indicators

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

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
Silver Daily Chart – Pivot Points

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
Silver Daily Chart – Fibonacci

Copper

Indicators

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

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
Copper Daily Chart – Pivot Points

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
Copper Daily Chart – Fibonacci

This post was originally published by EarnForex

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Andriy Morarucontributor

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