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Commodities Technical Analysis, July 3rd – July 7th, 2017
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Among other markets, commodities formed an interesting trade action during the previous week. Gold 'Flash crash' was a major event although gold was
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:
Crude Oil
Indicators
Moving Averages |
RSI |
Parabolic SAR |
CCI |
| Short | Neutral | Long | Long |
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 |
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 |
Gold
Indicators
Moving Averages |
RSI |
Parabolic SAR |
CCI |
| Short | Neutral | Short | Short |
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 |
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 |
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 |
| 15.63 | 15.94 | 16.27 | 16.58 | 16.91 | 17.22 | 17.55 |
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 |
Copper
Indicators
Moving Averages |
RSI |
Parabolic SAR |
CCI |
| Long | Overbought | Long | Long |
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 |
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 |
This post was originally published by EarnForex
About the Author
Andriy Morarucontributor
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