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Commodities Technical Analysis, September 4th – September 8th, 2017
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Gold prices climbed 2.50% last week as concerns over Hurricane Harvey and North Korea missile test over Northern Japan sent the precious metal to close
Gold prices climbed 2.50% last week as concerns over Hurricane Harvey and North Korea missile test over Northern Japan sent the precious metal to close the week at $1324.5.
Oil prices closed mixed last week as investors still try to evaluate Hurricane Harvey’s impact.
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 3rd, 2017:
Crude Oil
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 |
| 43.90 | 44.74 | 46.03 | 46.87 | 48.16 | 49.00 | 50.29 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 45.58 | 46.08 | 46.39 | 46.65 | 46.90 | 47.71 |
Gold
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 |
| 1268.49 | 1281.06 | 1303.43 | 1316.00 | 1338.37 | 1350.94 | 1373.31 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 1293.64 | 1301.89 | 1306.99 | 1311.11 | 1315.23 | 1328.58 |
Silver
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 |
| 16.56 | 16.80 | 17.25 | 17.49 | 17.94 | 18.18 | 18.63 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 17.05 | 17.21 | 17.31 | 17.40 | 17.48 | 17.74 |
Copper
Indicators
| Moving Averages | RSI | Parabolic SAR | CCI |
| Long | Overbought | Long | Neutral |
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 298.64 | 301.21 | 305.13 | 307.70 | 311.62 | 314.19 | 318.11 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 303.78 | 305.31 | 306.26 | 307.03 | 307.79 | 310.27 |
This post was originally published by EarnForex
About the Author
Andriy Morarucontributor
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