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Commodities Technical Analysis, November 13th – November 17th, 2017
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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
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 |
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 |
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 |
Gold
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 |
| 1244.85 | 1256.13 | 1265.91 | 1277.19 | 1286.97 | 1298.25 | 1308.03 |
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 |
Silver
Indicators
| Moving Averages | RSI | Parabolic SAR | CCI |
| Neutral | Neutral | Short | Neutral |
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 |
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 |
Copper
Indicators
| Moving Averages | RSI | Parabolic SAR | CCI |
| Long | Neutral | Short | Short |
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 |
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 |
This post was originally published by EarnForex
About the Author
Andriy Morarucontributor
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