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Commodities Technical Analysis, October 9th – October 13th, 2017

By:
Andriy Moraru
Published: Oct 8, 2017, 10:49 GMT+00:00

Gold prices finished lower the previous week on good economic data from the US. Prices recovered on Friday after the non-farm payrolls report.

corn dollar

Gold prices finished lower the previous week on good economic data from the US. Prices recovered on Friday after the non-farm payrolls report that a record drop of 33,000.

Oil prices closed the previous week sharply lower on global supply glut and profit taking.

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 October 8th, 2017:

Crude Oil

Indicators

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

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
45.86 47.47 48.38 49.99 50.90 52.51 53.42
Crude Oil Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
49.08 49.67 50.04 50.34 50.64 51.60
Crude Oil Daily Chart – Fibonacci

Gold

Indicators

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

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1240.95 1250.66 1262.54 1272.25 1284.13 1293.84 1305.72
Gold Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1260.38 1265.48 1268.63 1271.18 1273.72 1281.97
Gold Daily Chart – Fibonacci

Silver

Indicators

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

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
15.83 16.06 16.41 16.64 16.99 17.22 17.57
Silver Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
16.29 16.43 16.51 16.58 16.65 16.87
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
280.96 286.30 293.91 299.25 306.86 312.20 319.81
Copper Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
291.63 294.69 296.58 298.11 299.63 304.58
Copper Daily Chart – Fibonacci

This post was originally published by EarnForex

About the Author

Andriy Morarucontributor

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