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Commodities Technical Analysis, September 11th – September 15th, 2017

By:
Andriy Moraru
Published: Sep 10, 2017, 11:13 UTC

Gold continued to climb during the previous week to hit its highest price in more than a year in reaction to decreasing rate hike expectations and

Commodities Technical Analysis

Gold continued to climb during the previous week to hit its highest price in more than a year in reaction to decreasing rate hike expectations and geopolitical uncertainty.

Oil prices settled slightly higher as traders still assessing Hurricane Harvey’s impact. In the week ahead, oil prices will be in focus as Hurricane Irma will trigger gasoline shortage.

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 September 10th, 2017:

Crude Oil

Indicators

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

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
44.44 45.79 46.69 48.04 48.94 50.29 51.19
Crude Oil Daily Chart - Pivot Points
Crude Oil Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
47.14 47.67 48.00 48.27 48.53 49.39
Crude Oil Daily Chart - Fibonacci
Crude Oil Daily Chart – Fibonacci

Gold

Indicators

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

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1297.84 1311.89 1329.20 1343.25 1360.56 1374.61 1391.92
Gold Daily Chart - Pivot Points
Gold Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1325.95 1333.35 1337.93 1341.63 1345.33 1357.31
Gold Daily Chart - Fibonacci
Gold Daily Chart – Fibonacci

Silver

Indicators

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

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
17.32 17.54 17.76 17.98 18.20 18.42 18.64
Silver Daily Chart - Pivot Points
Silver Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
17.75 17.85 17.92 17.97 18.02 18.19
Silver Daily Chart - Fibonacci
Silver Daily Chart – Fibonacci

Copper

Indicators

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

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
281.60 290.98 295.96 305.34 310.32 319.70 324.68
Copper Daily Chart - Pivot Points
Copper Daily Chart – Pivot Points

Fibonacci retracement levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
300.35 303.74 305.84 307.53 309.22 314.71
Copper Daily Chart - Fibonacci
Copper Daily Chart – Fibonacci

This post was originally published by EarnForex

About the Author

Andriy Morarucontributor

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