Advertisement
Advertisement

Commodities Technical Analysis, July 31st – August 4th, 2017

By
Andriy Moraru
Published: Jul 30, 2017, 11:06 GMT+00:00

Gold prices continues to trade higher last as dovish Fed and weak economic events raised concerns that the Fed will raise interest rate soon. Spot gold

Commodities Technical Analysis, July 31st – August 4th, 2017

Gold prices continues to trade higher last as dovish Fed and weak economic events raised concerns that the Fed will raise interest rate soon. Spot gold settled on $1269.50.

Crude oil prices were affected by OPEC meeting on Monday as well as the huge inventory drop by API and EIA.

Crude Oil

Indicators

Moving Averages

RSI

Parabolic SAR

CCI

Long Neutral Long Long
Crude Oil Daily Chart – MA

Floor Pivot Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

42.34 43.86 46.77 48.29 51.20 52.72 55.63
Crude Oil Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%

23.6%

38.2%

50.0%

61.8%

100.0%

45.39 46.44 47.08 47.61 48.13 49.82
Crude Oil Daily Chart – Fibonacci

Gold

Indicators

Moving Averages

RSI

Parabolic SAR

CCI

Long Neutral Long Long
Gold Daily Chart – MA

Floor Pivot Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

1224.38 1233.96 1251.47 1261.05 1278.56 1288.14 1305.65
Gold Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%

23.6%

38.2%

50.0%

61.8%

100.0%

1243.53 1249.92 1253.88 1257.08 1260.27 1270.62
Gold Daily Chart – Fibonacci

Silver

Indicators

Moving Averages

RSI

Parabolic SAR

CCI

Neutral Neutral Long Long
Silver Daily Chart – MA

Floor Pivot Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

15.75 15.98 16.34 16.57 16.93 17.16 17.52
Silver Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%

23.6%

38.2%

50.0%

61.8%

100.0%

16.21 16.35 16.44 16.51 16.57 16.80
Silver Daily Chart – Fibonacci

Copper

Indicators

Moving Averages

RSI

Parabolic SAR

CCI

Long Overbought Long Long
Copper Daily Chart – MA

Floor Pivot Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

255.74 262.90 274.52 281.68 293.30 300.46 312.08
Copper Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%

23.6%

38.2%

50.0%

61.8%

100.0%

270.05 274.48 277.22 279.44 281.66 288.83
Copper Daily Chart – Fibonacci

This post was originally published by EarnForex

About the Author

Andriy Morarucontributor

Advertisement