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Commodities Technical Analysis, November 27th – December 1st, 2017
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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
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 |
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 |
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 |
Gold
Indicators
| Moving Averages | RSI | Parabolic SAR | CCI |
| Long | Neutral | Long | Neutral |
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 |
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 |
Silver
Indicators
| Moving Averages | RSI | Parabolic SAR | CCI |
| Neutral | Neutral | Long | Neutral |
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 |
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 |
Copper
Indicators
| Moving Averages | RSI | Parabolic SAR | CCI |
| Long | Neutral | Long | Long |
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 |
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 |
This post was originally published by EarnForex
About the Author
Andriy Morarucontributor
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