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Commodities Technical Analysis, November 27th – December 1st, 2017

By:
Andriy Moraru
Published: Nov 26, 2017, 10:49 GMT+00:00

Gold closed the previous week slightly lower but continued to trader in a tight range. Gold futures settled at $1291.80, down -0.70%. Oil prices rose

Commodities Technical Analysis, November 27th – December 1st, 2017

Gold closed the previous week slightly lower but continued to trader in a tight range. Gold futures settled at $1291.80, down -0.70%. Oil prices rose sharply as the Canadian pipeline disruption and OPEC production cuts were force behind the rally.

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 26th, 2017:

Crude Oil

Indicators

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

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
53.53 54.64 56.80 57.91 60.07 61.18 63.34
Crude Oil Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
55.75 56.52 57.00 57.39 57.77 59.02
Crude Oil Daily Chart – Fibonacci

Gold

Indicators

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

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1256.42 1265.39 1276.66 1285.63 1296.90 1305.87 1317.14
Gold Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1274.36 1279.14 1282.09 1284.48 1286.87 1294.60
Gold Daily Chart – Fibonacci

Silver

Indicators

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

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
16.41 16.62 16.81 17.02 17.21 17.42 17.61
Silver Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
16.82 16.91 16.97 17.02 17.07 17.22
Silver Daily Chart – Fibonacci

Copper

Indicators

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

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
295.60 299.87 308.03 312.30 320.46 324.73 332.89
Copper Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
304.15 307.08 308.90 310.37 311.83 316.58
Copper Daily Chart – Fibonacci

This post was originally published by EarnForex

About the Author

Andriy Morarucontributor

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