Commodities Technical Analysis, November 13th – November 17th, 2017

Andriy Moraru
Commodities Technical Analysis

Gold prices finished the previous week almost unchanged and remained in the range as traders are indecisive on gold’s next direction. WTI crude oil closed another positive week on Saudi Arabia news. Crude Oil futures settled at $56.98, up +2.01%

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 November 12th, 2017:

Crude Oil

Indicators

Moving Averages RSI Parabolic SAR CCI
Long Overbought Long Neutral
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Crude Oil Daily Chart – Indicators

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
53.42 54.54 55.68 56.80 57.94 59.06 60.20
{alt}
Crude Oil Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
55.65 56.18 56.51 56.78 57.05 57.91
{alt}
Crude Oil Daily Chart – Fibonacci

Gold

Indicators

Moving Averages RSI Parabolic SAR CCI
Short Neutral Long Neutral
{alt}
Gold Daily Chart – Indicators

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1244.85 1256.13 1265.91 1277.19 1286.97 1298.25 1308.03
{alt}
Gold Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1267.42 1272.39 1275.46 1277.95 1280.44 1288.48
{alt}
Gold Daily Chart – Fibonacci

Silver

Indicators

Moving Averages RSI Parabolic SAR CCI
Neutral Neutral Short Neutral
{alt}
Silver Daily Chart – Indicators

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
16.20 16.48 16.69 16.97 17.18 17.46 17.67
{alt}
Silver Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
16.77 16.89 16.96 17.02 17.07 17.26
{alt}
Silver Daily Chart – Fibonacci

Copper

Indicators

Moving Averages RSI Parabolic SAR CCI
Long Neutral Short Short
{alt}
Copper Daily Chart – Indicators

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
290.66 297.75 302.06 309.15 313.46 320.55 324.86
{alt}
Copper Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
304.83 307.52 309.18 310.53 311.88 316.23
{alt}
Copper Daily Chart – Fibonacci

This post was originally published by EarnForex

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