Commodities Technical Analysis, July 3rd – July 7th, 2017

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Updated: Jul 2, 2017, 11:20 GMT+00:00

Among other markets, commodities formed an interesting trade action during the previous week. Gold 'Flash crash' was a major event although gold was

Among other markets, commodities formed an interesting trade action during the previous week. Gold ‘Flash crash’ was a major event although gold was trading relatively clam beside the bizarre event. Crude oil prices bounced back to trade higher as reports confirmed that oil supply decreased.

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 2nd, 2017:

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Crude Oil

Indicators

Moving Averages	RSI	Parabolic SAR	CCI
Short	Neutral	Long	Long

Crude Oil Daily Chart – MA

Floor Pivot Points

3rd Sup	2nd Sup	1st Sup	Pivot	1st Res	2nd Res	3rd Res
40.21	41.43	43.80	45.02	47.39	48.61	50.98

Crude Oil Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%	23.6%	38.2%	50.0%	61.8%	100.0%
42.65	43.50	44.02	44.45	44.87	46.24

Crude Oil Daily Chart – Fibonacci

Gold

Indicators

Moving Averages	RSI	Parabolic SAR	CCI
Short	Neutral	Short	Short

Gold Daily Chart – MA

Floor Pivot Points

3rd Sup	2nd Sup	1st Sup	Pivot	1st Res	2nd Res	3rd Res
1214.69	1225.45	1233.31	1244.07	1251.93	1262.69	1270.55

Gold Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%	23.6%	38.2%	50.0%	61.8%	100.0%
1236.21	1240.60	1243.32	1245.52	1247.72	1254.83

Gold Daily Chart – Fibonacci

Silver

Indicators

Moving Averages	RSI	Parabolic SAR	CCI
Short	Neutral	Long	Neutral

Silver Daily Chart – MA

Floor Pivot Points

3rd Sup	2nd Sup	1st Sup	Pivot	1st Res	2nd Res	3rd Res
15.63	15.94	16.27	16.58	16.91	17.22	17.55

Silver Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%	23.6%	38.2%	50.0%	61.8%	100.0%
16.24	16.39	16.48	16.56	16.64	16.88

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
253.90	257.11	263.15	266.36	272.40	275.61	281.65

Copper Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%	23.6%	38.2%	50.0%	61.8%	100.0%
260.33	262.51	263.86	264.96	266.05	269.58

Copper Daily Chart – Fibonacci

This post was originally published by EarnForex

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About the Author

Andriy Morarucontributor

Commodities Technical Analysis, July 3rd – July 7th, 2017

Crude Oil

Indicators

Moving Averages

RSI

Parabolic SAR

CCI

Floor Pivot Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

Fibonacci Retracement Levels

0.0%

23.6%

38.2%

50.0%

61.8%

100.0%

Gold

Indicators

Moving Averages

RSI

Parabolic SAR

CCI

Floor Pivot Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

Fibonacci Retracement Levels

0.0%

23.6%

38.2%

50.0%

61.8%

100.0%

Silver

Indicators

Moving Averages

RSI

Parabolic SAR

CCI

Floor Pivot Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

Fibonacci Retracement Levels

0.0%

23.6%

38.2%

50.0%

61.8%

100.0%

Copper

Indicators

Moving Averages

RSI

Parabolic SAR

CCI

Floor Pivot Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

Fibonacci Retracement Levels

0.0%