Crude oil traders shrugged off potentially negative news to post a strong close for the week. In the week ahead, markets will continue to focus central banks rate hike projections with the RBA meeting minutes, BoJ rate decision and ECB rate decision.
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 16th, 2017:
Crude Oil
Indicators
Moving Averages |
RSI |
Parabolic SAR |
CCI |
| Neutral | Neutral | Long | Neutral |
Floor Pivot Points
3rd Sup |
2nd Sup |
1st Sup |
Pivot |
1st Res |
2nd Res |
3rd Res |
| 41.52 | 42.58 | 44.59 | 45.65 | 47.66 | 48.72 | 50.73 |
Fibonacci Retracement Levels
0.0% |
23.6% |
38.2% |
50.0% |
61.8% |
100.0% |
| 43.64 | 44.36 | 44.81 | 45.18 | 45.54 | 46.71 |
Gold
Indicators
Moving Averages |
RSI |
Parabolic SAR |
CCI |
| Short | Neutral | Long | Neutral |
Floor Pivot Points
3rd Sup |
2nd Sup |
1st Sup |
Pivot |
1st Res |
2nd Res |
3rd Res |
| 1182.85 | 1193.73 | 1210.88 | 1221.76 | 1238.91 | 1249.79 | 1266.94 |
Fibonacci Retracement Levels
0.0% |
23.6% |
38.2% |
50.0% |
61.8% |
100.0% |
| 1204.61 | 1211.23 | 1215.32 | 1218.63 | 1221.93 | 1232.64 |
Silver
Indicators
Moving Averages |
RSI |
Parabolic SAR |
CCI |
| Short | Neutral | Long | Neutral |
Floor Pivot Points
3rd Sup |
2nd Sup |
1st Sup |
Pivot |
1st Res |
2nd Res |
3rd Res |
| 14.47 | 14.81 | 15.37 | 15.71 | 16.27 | 16.61 | 17.17 |
Fibonacci Retracement Levels
0.0% |
23.6% |
38.2% |
50.0% |
61.8% |
100.0% |
| 15.16 | 15.37 | 15.50 | 15.61 | 15.72 | 16.06 |
Copper
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 |
| 256.31 | 258.75 | 263.12 | 265.56 | 269.93 | 272.37 | 276.74 |
Fibonacci Retracement Levels
0.0% |
23.6% |
38.2% |
50.0% |
61.8% |
100.0% |
| 261.20 | 262.81 | 263.80 | 264.61 | 265.41 | 268.01 |
This post was originally published by EarnForex
