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Commodities Technical Analysis, November 20th – November 24th, 2017
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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
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 |
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 |
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 |
Gold
Indicators
| Moving Averages | RSI | Parabolic SAR | CCI |
| Short | Neutral | Long | Long |
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 |
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 |
Silver
Indicators
| Moving Averages | RSI | Parabolic SAR | CCI |
| Neutral | Neutral | Long | Long |
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 |
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 |
Copper
Indicators
| Moving Averages | RSI | Parabolic SAR | CCI |
| Short | Neutral | Short | Neutral |
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 |
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 |
This post was originally published by EarnForex
About the Author
Andriy Morarucontributor
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