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Commodities Technical Analysis, June 12th – June 16th, 2017
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As political turmoil hits markets, commodities might be traders' safe haven assets in the upcoming week. Commodities and previous metals had a negative
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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 |
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 |
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 |
Gold
Indicators
Moving Averages |
RSI |
Parabolic SAR |
CCI |
| Long | Neutral | Short | Neutral |
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 |
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 |
Silver
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 |
| 16.36 | 16.74 | 16.97 | 17.35 | 17.58 | 17.96 | 18.19 |
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 |
Copper
Indicators
Moving Averages |
RSI |
Parabolic SAR |
CCI |
| Long | Neutral | Long | Long |
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 |
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 |
This post was originally published by EarnForex
About the Author
Andriy Morarucontributor
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