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Commodities Analysis

TradingPeek offers daily technical analysis of the commodities and updates them in the middle of the day. Technical analysis professional team who one of the best technical analysts provide technical analysis of the commodities in the form of simple small articles explaining the daily price movement along with advanced technical analysis which is in explanatory article of the price movement.

Commodities Analysis

Gold Technical analysis 11 December 2018

05:30 am 2018-12-11

Time frame Used - four hours Gold is moving in a bullish direction in the near term. The purchasing power managed to control the movement of gold to penetrate the levels of 1237 up to the level of 1250 where it faced some selling pressure to drop slightly to the 1241 level and then start to bounce back again.   In view of the technical indicators Both the RSI and the Stochastic are indicating signs of recovery.   Therefore, we expect that the gold will…More

OIL Technical analysis 10 December 2018

08:50 pm 2018-12-09

Time frame Used - four hours Oil is moving in a sideway direction in the near term. Oil is still facing resistance and selling pressure around the 54.54 level despite breaching the 52.50 level to the upside, but it is still moving sideways, indicating that there is still selling pressure on oil. In view of the technical indicators Both the RSI and Stochastic are indicating to weakness of the indicators. Therefore, we expect that the oil will fall back to the level of 50.00 dollar…More

Gold Technical analysis 10 December 2018

08:48 pm 2018-12-09

Time frame Used - four hours Gold is moving in a bullish direction in the near term. The purchasing power managed to control the movement of gold to penetrate the levels of 1237 up to the level of 1250 where gold is facing some of the selling pressure around this level, forming a negative candle model.   In view of the technical indicators Both the RSI and the Stochastic are indicating to the arrival of indicators in the overbought area.   Therefore, we expect that…More

OIL Technical analysis 5 December 2018

11:20 pm 2018-12-04

Time frame Used - four hours Oil is moving in a bullish direction in the near term. The purchasing power managed to control the movement of oil to penetrate the level of 52.50 upside, as we mentioned in the previous report to reach the level of 54.54 where it faced selling pressure around this level to pushed down again below, and remarkable that weakness and control sales still controlling the oil and not being able to reach the target 55.76 dollar. In view of the technical indicatorsMore

Gold Technical analysis 5 December 2018

11:18 pm 2018-12-04

Time frame Used - four hours Gold is moving in a bullish direction in the near term. The purchasing power managed to control the movement of gold to penetrate the levels of 1237 up to reach the level of 1242 where it faces some selling pressure around this level to fall to the support level of 1237 trying to consolidation above this level.   In view of the technical indicators Both the RSI and the Stochastic are indicating to the arrival of indicators in the overbought area.More

OIL Technical analysis 4 December 2018

05:36 am 2018-12-04

Time frame Used - four hours Oil is moving in a bullish direction in the near term. The purchasing power managed to control the movement of oil to penetrate the level of 52.50 higher as we mentioned in the previous report to reach the level of 53.83 where the oil is facing selling pressure around this level  but is still above the level of 52.50. In view of the technical indicators Both the RSI and the Stochastic are improving the performance of the indicators. Therefore,…More

Gold Technical analysis 4 December 2018

05:25 am 2018-12-04

Time frame Used - four hours Gold is moving in a bullish direction in the near term. The purchasing power managed to control the movement of gold to penetrate the levels of 1225 - 1230 to reach the level of major resistance and the main around the level of 1237 trying to penetrate to the upside.  In view of the technical indicators Both the RSI and the Stochastic are indicating to the arrival of indicators in the overbought area.  Therefore, we expect that the gold…More

OIL Technical analysis 3 December 2018

11:05 pm 2018-12-02

Time frame Used - four hours Oil is moving in a sideway direction in the near term. Oil is still facing resistance and selling pressure around the 52.66 level as oil is trading within a trading range between 50 dollar as a lower boundary and 52.66 dollar as a upper boundary. In view of the technical indicators Both the RSI and the Stochastic are indicating to the arrival of indicators in the oversold area and a positive divergence between the indices and prices. Therefore, we…More

Gold Technical analysis 3 December 2018

10:49 pm 2018-12-02

Time frame Used - four hours Gold is moving in a sideway direction in the near term. Gold faced resistance and selling pressure around the resistance level 1225 again to drop to the level of 1216 trying to stabilize above this level to come back higher again.   In view of the technical indicators Both the RSI and the Stochastic are indicating signs of recovery.   Therefore, we expect that the gold will test levels of 1225-1235 again and this scenario will fail if the…More

OIL Technical analysis 30 November 2018

07:37 am 2018-11-30

Time frame Used - four hours Oil is moving in a sideway direction in the near term. Oil has already rebounded to the resistance level of  52.50 again as it still faces resistance and selling pressure around this level. In view of the technical indicators Both the RSI and the Stochastic are indicating to the arrival of indicators to the oversold area and the continuation of the bearish trend. Therefore, we expect that the oil will test 50.00 dollar again, which by breaking it down…More

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