Commodities Technical Analysis, August 28th – September 1st, 2017

Gold traded in a range during the previous week as traders were cautious before the Jackson Hole summit. Gold closed the previous week at $1297.90, just below the $1300 level.

Oil prices finished the week higher as traders focused on the hurricane in Texas.

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 August 27th, 2017:

Crude Oil

Indicators

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

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
45.14 46.10 46.94 47.90 48.74 49.70 50.54
Crue Oil Daily Chart - Pivot Points
Crue Oil Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
47.05 47.47 47.74 47.95 48.16 48.85
Crude Oil Daily Chart - Fibonacci
Crude Oil Daily Chart – Fibonacci

Gold

Indicators

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

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1261.41 1268.59 1279.80 1286.98 1298.19 1305.37 1316.58
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%
1275.78 1280.12 1282.80 1284.98 1287.15 1294.17
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
16.27 16.48 16.75 16.96 17.23 17.44 17.71
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%
16.69 16.80 16.87 16.93 16.99 17.17
Silver Daily Chart - Fibonacci
Silver Daily Chart – Fibonacci

Copper

Indicators

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

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
285.23 289.50 296.04 300.31 306.85 311.12 317.66
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%
293.77 296.32 297.90 299.18 300.45 304.58
Copper Daily Chart - Fibonacci
Copper Daily Chart – Fibonacci

This post was originally published by EarnForex

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