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Commodities Technical Analysis, June 26th – June 30th, 2017

By:
Andriy Moraru
Updated: Jun 25, 2017, 10:51 UTC

Commodities prices finished the previous week higher as political uncertainty and weaker than expected economic data raised investors concerns.

Commodities Technical Analysis, June 26th – June 30th, 2017

Commodities prices continue to be investors’ safe haven as political uncertainty and weaker than expected economic data raised investors concerns.

Falling crude oil prices for the fifth weekly loss pulled commodity prices down as oversupply continued the ‘black gold’ downtrend.

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 25th, 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

38.81 40.45 41.78 43.42 44.75 46.39 47.72
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%

42.08 42.78 43.21 43.57 43.92 45.05
Crude Oil Daily Chart - Fibonacci
Crude Oil Daily Chart – Fibonacci

Gold

Indicators

Moving Averages

RSI

Parabolic SAR

CCI

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

Floor Pivot Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

1226.70 1233.67 1244.67 1251.64 1262.64 1269.61 1280.61
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%

1240.64 1244.88 1247.50 1249.63 1251.75 1258.61
Gold Daily Chart - Fibonacci
Gold Daily Chart – Fibonacci

Silver

Indicators

Moving Averages

RSI

Parabolic SAR

CCI

Short 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

15.96 16.14 16.41 16.59 16.86 17.04 17.31
Silver Daily Chart - Pivot Points
Silver Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%

23.6%

38.2%

50.0%

61.8%

100.0%

16.33 16.44 16.50 16.56 16.61 16.78
Silver Daily Chart - Fibonacci
Silver Daily Chart – Fibonacci

Copper

Indicators

Moving Averages

RSI

Parabolic SAR

CCI

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

Floor Pivot Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

243.63 248.30 254.79 259.46 265.95 270.62 277.11
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%

252.97 255.60 257.23 258.55 259.87 264.13
Copper Daily Chart - Fibonacci
Copper Daily Chart – Fibonacci

This post was originally published by EarnForex

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Andriy Morarucontributor

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