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Commodities Technical Analysis, June 12th – June 16th, 2017

By:
Andriy Moraru
Updated: Jun 11, 2017, 11:20 UTC

As political turmoil hits markets, commodities might be traders' safe haven assets in the upcoming week. Commodities and previous metals had a negative

Commodities Technical Analysis

As political turmoil hits markets, commodities might be traders’ safe haven assets in the upcoming week. Commodities and previous metals had a negative performance during the previous week. In the week ahead, UK election results and the Federal Reserve meeting on Wednesday can add to volatile price action.

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 June 11th, 2017:

Crude Oil

Indicators

Moving Averages

RSI

Parabolic SAR

CCI

Short Neutral Short Short
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

41.41 43.31 44.59 46.49 47.77 49.67 50.95
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%

45.21 45.96 46.42 46.80 47.18 48.39
Crude Oil Daily Chart - Fibonacci
Crude Oil Daily Chart – Fibonacci

Gold

Indicators

Moving Averages

RSI

Parabolic SAR

CCI

Long Neutral Short Neutral
Gold Daily Chart - MA
Gold Daily Chart – MA

Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

1224.39 1244.40 1255.79 1275.80 1287.19 1307.20 1318.59
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%

1264.41 1271.82 1276.40 1280.11 1283.82 1295.81
Gold Daily Chart - Fibonacci
Gold Daily Chart – Fibonacci

Silver

Indicators

Moving Averages

RSI

Parabolic SAR

CCI

Long Neutral Short Neutral
Silver Daily Chart - MA
Silver Daily Chart – MA

Floor Pivot Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

16.36 16.74 16.97 17.35 17.58 17.96 18.19
Silver Daily Chart - Pivot Point
Silver Daily Chart – Pivot Point

Fibonacci Retracement Levels

0.0%

23.6%

38.2%

50.0%

61.8%

100.0%

17.13 17.27 17.36 17.44 17.51 17.74
Silver Daily Chart - Fibonacci
Silver Daily Chart – Fibonacci

Copper

Indicators

Moving Averages

RSI

Parabolic SAR

CCI

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

Floor Pivot Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

240.95 245.76 254.55 259.36 268.15 272.96 281.75
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%

250.58 253.79 255.78 257.38 258.98 264.18
Copper Daily Chart - Fibonacci
Copper Daily Chart – Fibonacci

This post was originally published by EarnForex

About the Author

Andriy Morarucontributor

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