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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 30 November 2018

07:28 am 2018-11-30

Time frame Used - four hours Gold is moving in a sideway direction in the near term. The purchasing power managed to control the movement of gold to bounce back again to reach the level of 1226 where it still facing selling pressure around 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.   Therefore we expect that the gold will test levels of 1230-1235 again. The…More

OIL Technical analysis 29 November 2018

05:27 am 2018-11-29

Time frame Used - four hours Oil is moving in a sideway direction in the near term. Oil dropped to the support level 50 dollar, forming a positive candlestick pattern, but the oil still suffers from weakness and selling pressure, especially after the release of US oil inventories reports, which rose again. 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…More

Gold Technical analysis 29 November 2018

05:17 am 2018-11-29

Time frame Used - four hours Gold is moving in a sideway direction in the near term. The purchasing power managed to control the movement of gold to bounce back again to reach the level of 1226 where it still facing selling pressure around 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.   Therefore we expect that the gold will test levels of 1230-1235 again. The…More

OIL Technical analysis 28 November 2018

05:31 am 2018-11-28

Time frame Used - four hours Oil is moving in a bearish direction in the near term. Oil rebounded from the support level of 50 dollar to reach the resistance level of 52.50 as it faced selling pressure around the 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 oil will fall back to the 50 level Which…More

Gold Technical analysis 28 November 2018

05:27 am 2018-11-28

Time frame Used - four hours Gold is moving in a bearish direction in the near term. Gold has retreated from selling pressure to reach the 1211 level as mentioned in the previous report, trying to consolidate above this level.   In view of the technical indicators Both the RSI and the Stochastic are indicating the arrival of indicators to the oversold area.   Therefore we expect gold to test 1217-1220 again. The alternative scenario is that the gold retract  level of 1207-1204…More

OIL Technical analysis 27 November 2018

11:45 pm 2018-11-26

Time frame Used - four hours Oil is moving in a bearish direction in the near term. Oil rebounded from the support level of 50 dollar to reach the resistance level of 52.50 as it faced selling pressure around the level to drop back again, indicating that the selling pressure has not yet ended and that oil may see another drop below the 50 dollar level in the coming days. In view of the technical indicators Both the RSI and the Stochastic are indicating to the arrival…More

Gold Technical analysis 27 November 2018

11:34 pm 2018-11-26

Time frame Used - four hours Gold is moving in a sideway direction in the near term. Gold failed to stabilize within the up channel to break the 1220 level down after facing resistance and selling pressure around the 1225 level to fall below the 1220 level.   In view of the technical indicators Both the RSI and Stochastic are indicating to weakness of the indicators.   Therefore we expect that the gold will target levels of 1217-1212 again. The alternative scenario is that…More

OIL Technical analysis 26 November 2018

12:46 am 2018-11-26

Time frame Used - four hours Oil is moving in a bearish direction in the near term. It seems  that selling pressure on oil has not ended yet as the selling force broke the support level  of 53.54 down to reach the oil to level of 50 dollar already to achieve the alternative scenario. In view of the technical indicators Both the RSI and the Stochastic are indicating the arrival of indicators to the oversold area. Therefore, we expect that the oil will test…More

Gold Technical analysis 26 November 2018

12:34 am 2018-11-26

Time frame Used - four hours Gold is moving in a bullish direction in the near term. Gold moves within a minor ascending channel where the gold touched the bottom of the up channel around the 1220 level.  In view of the technical indicators Both the RSI and the Stochastic are indicating signs of recovery.  Therefore, we expect that the gold will target levels of 1235-1237 again, which by breaking it above will target the level of 1245 as an initial target. This expectation comes…More

OIL Technical analysis 23 November 2018

12:18 am 2018-11-23

Time frame Used - four hours Oil is moving in a sideway direction in the near term. Oil reached the main bearish target on the weekly time frame after failing to break through the important resistance level around level of  57.88, to drop to the level of 53.54 forming of the positive candlestick pattern to bounce to the upside as oil moves within the down channel from the lower boundary around the level of 53.54. In view of the technical indicators Both the RSI and the Stochastic…More

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