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Commodities Technical Analysis, November 20th – November 24th, 2017

By:
Andriy Moraru
Published: Nov 19, 2017, 11:36 GMT+00:00

Gold finished the previous week higher as uncertainty over the tax reform add risk to the markets and weighed on the US dollar. Gold futures settled at

commodities

Gold finished the previous week higher as uncertainty over the tax reform add risk to the markets and weighed on the US dollar. Gold futures settled at $1296.50, up +1.43%.

WTI crude oil closed the higher on Friday, however, crude oil prices posted their first weekly loss in six weeks. WTI Crude Oil futures settled at $56.71, down -0.47%.

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 19th, 2017:

Crude Oil

Indicators

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

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
52.96 53.89 55.30 56.23 57.64 58.57 59.98
Crude Oil Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
54.81 55.36 55.70 55.98 56.26 57.15
Crude Oil Daily Chart – Fibonacci

Gold

Indicators

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

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1249.30 1259.55 1276.59 1286.84 1303.88 1314.13 1331.17
Gold Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1269.81 1276.25 1280.23 1283.46 1286.68 1297.10
Gold Daily Chart – Fibonacci

Silver

Indicators

Moving Averages RSI Parabolic SAR CCI
Neutral Neutral Long Long
Silver Daily Chart – Indicators

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
16.36 16.59 16.93 17.16 17.50 17.73 18.07
Silver Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
16.81 16.94 17.03 17.10 17.16 17.38
Silver Daily Chart – Fibonacci

Copper

Indicators

Moving Averages RSI Parabolic SAR CCI
Short Neutral Short Neutral
Copper Daily Chart – Indicators

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
290.71 296.45 301.16 306.90 311.61 317.35 322.06
Copper Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
302.18 304.65 306.17 307.41 308.64 312.63
Copper Daily Chart – Fibonacci

This post was originally published by EarnForex

About the Author

Andriy Morarucontributor

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