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Commodities Technical Analysis, September 18th – September 22nd, 2017

By: 
Andriy Moraru
Published: Sep 17, 2017, 10:54 GMT+00:00

Gold prices settled lower last week as traders reacted to the ECB and Federal Reserve monetary tightening policy which decreased the demand for gold. Oil

Commodities Technical Analysis

Gold prices settled lower last week as traders reacted to the ECB and Federal Reserve monetary tightening policy which decreased the demand for gold.

Oil prices closed the previous week higher after the IEA report which signaled higher demand this year.

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 17th, 2017:

Crude Oil

Indicators

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

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
44.29 45.64 47.78 49.13 51.27 52.62 54.76
Crude Oil Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
46.99 47.81 48.32 48.74 49.15 50.48
Crude Oil Daily Chart – Fibonacci

Gold

Indicators

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

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1287.98 1301.79 1311.23 1325.04 1334.48 1348.29 1357.73
Gold Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1315.60 1321.09 1324.48 1327.23 1329.97 1338.85
Gold Daily Chart – Fibonacci

Silver

Indicators

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

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
17.02 17.29 17.43 17.70 17.84 18.11 18.25
Silver Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
17.55 17.65 17.71 17.76 17.80 17.96
Silver Daily Chart – Fibonacci

Copper

Indicators

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

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
266.35 278.30 285.30 297.25 304.25 316.20 323.20
Copper Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
290.25 294.72 297.49 299.73 301.96 309.20
Copper Daily Chart – Fibonacci

This post was originally published by EarnForex

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Andriy Morarucontributor

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