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Commodities Technical Analysis, July 10th – July 14th, 2017

By:
Andriy Moraru
Updated: Jul 9, 2017, 11:10 UTC

Gold prices moved lower as the Dollar gained traction in the wake of the stronger than expected U.S. payroll report.  Prices hit fresh 4-month lows at

Commodities Technical Analysis

Gold prices moved lower as the Dollar gained traction in the wake of the stronger than expected U.S. payroll report.  Prices hit fresh 4-month lows at 1,207, but rebounded into the close near support at 1,212.

Crude oil prices continued to tumble late last week even after the release of potentially bullish inventories data from the U.S. government.

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 July 9th, 2017:

Crude Oil

Indicators

Moving Averages

RSI

Parabolic SAR

CCI

Short Neutral Short Neutral
Crude Oil Daily Chart - MA
Crude Oil Daily Chart – MA

Floor Pivot Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

39.35 41.55 42.92 45.12 46.49 48.69 50.06
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%

43.76 44.60 45.12 45.55 45.97 47.33
Crude Oil Daily Chart - Fibonacci
Crude Oil Daily Chart – Fibonacci

Gold

Indicators

Moving Averages

RSI

Parabolic SAR

CCI

Short Oversold Short Short
Gold Daily Chart - MA
Gold Daily Chart – MA

Floor Pivot Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

1169.11 1188.11 1200.05 1219.05 1230.99 1249.99 1261.93
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%

1207.11 1214.41 1218.93 1222.58 1226.23 1238.05
Gold Daily Chart - Fibonacci
Gold Daily Chart – Fibonacci

Silver

Indicators

Moving Averages

RSI

Parabolic SAR

CCI

Short Oversold Short Short
Silver Daily Chart - MA
Silver Daily Chart – MA

Floor Pivot Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

12.14 13.24 14.40 15.50 16.66 17.76 18.92
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%

14.35 14.88 15.21 15.48 15.75 16.61
Silver Daily Chart - Fibonacci
Silver Daily Chart – Fibonacci

Copper

Indicators

Moving Averages

RSI

Parabolic SAR

CCI

Long Neutral Long Neutral
Copper Daily Chart - MA
Copper Daily Chart – MA

Floor Pivot Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

253.45 257.80 260.30 264.65 267.15 271.50 274.00
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%

262.15 263.77 264.77 265.58 266.38 269.00
Copper Daily Chart - Fibonacci
Copper Daily Chart – Fibonacci

This post was originally published by EarnForex

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Andriy Morarucontributor

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