Gold prices dropped last week and poised for their worst weekly performance since July. The gold dropped in reaction to Hawkish fed and investors’ expectations for a third rate hike this year.
Oil prices closed the previous week higher on a bullish outlook for demand from OPEC and the IEA.
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 24th, 2017:
Crude Oil
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 |
| 47.60 | 48.38 | 49.51 | 50.29 | 51.42 | 52.20 | 53.33 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 49.17 | 49.62 | 49.90 | 50.13 | 50.35 | 51.08 |
Gold
Indicators
| Moving Averages | RSI | Parabolic SAR | CCI |
| Long | Neutral | Short | Short |
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 1253.39 | 1270.65 | 1283.66 | 1300.92 | 1313.93 | 1331.19 | 1344.20 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 1287.90 | 1295.04 | 1299.46 | 1303.04 | 1306.61 | 1318.17 |
Silver
Indicators
| Moving Averages | RSI | Parabolic SAR | CCI |
| Neutral | Neutral | Short | Short |
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 15.85 | 16.32 | 16.64 | 17.11 | 17.43 | 17.90 | 18.22 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 16.80 | 16.99 | 17.10 | 17.20 | 17.29 | 17.59 |
Copper
Indicators
| Moving Averages | RSI | Parabolic SAR | CCI |
| Short | Neutral | Short | Neutral |
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 276.80 | 281.58 | 286.70 | 291.48 | 296.60 | 301.38 | 306.50 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 286.35 | 288.69 | 290.13 | 291.30 | 292.47 | 296.25 |
This post was originally published by EarnForex
