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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 1 November 2018

11:07 pm 2018-10-31

  Time frame Used - four hours Gold is moving in a sideway direction in the near term  already the Gold has fallen to level of 1211 but we note that it is false break forming a positive candlestick pattern   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 gold will test levels of 1215-1219   The alternative scenario is that the…More

OIL Technical analysis 31 October 2018

10:48 pm 2018-10-30

Time frame Used - four hours Oil is moving in a sideway direction in the near term Oil dropped to the level of 65.75 trying to consolidate above this level after the failure of the  ascending triangle to breach the level of 67.72 higher 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 the 66.80 level The alternative scenario is that the More

Gold Technical analysis 31 October 2018

10:46 pm 2018-10-30

Time frame Used - four hours Gold is moving in a sideway direction in the near term  already the Gold has fallen to level of  1219 forming a positive candlestick pattern   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 gold will test level of  1219-1225 as long as the gold is trading above level of 1215   The alternative scenario is that the…More

OIL Technical analysis 30 October 2018

11:13 pm 2018-10-29

Time frame Used - four hours Oil is moving in a sideway direction in the near term Oil still faces resistance and selling pressure around level of 67.72 However, we note that the formation of oil is a potential technical pattern called an ascending triangle Accordingly, we expect that oil will test the 69.88 level The alternative scenario is that oil drop to level of 65.79 Resistance: 67.72 - 68.45 - 69.88 Support: 65.79 - 64.53 - 63.76 Direction: sideway More

Gold Technical analysis 30 October 2018

11:11 pm 2018-10-29

Time frame Used - four hours Gold is moving in a sideway direction in the near term The bears managed to control the movement of gold to retreat to support level of 1225   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 gold will retreat to levels of  1219-1215 as long as gold is trading below levels of  1235-1239   The alternative scenario is…More

OIL Technical analysis 29 October 2018

09:15 pm 2018-10-28

Time frame Used - four hours Oil is moving in a sideway direction in the near term Oil still faces resistance and selling pressure around level of  67.72   In view of the technical indicators Both the RSI and the Stochastic are indicating improved performance Accordingly, we expect that oil will test the 69.88 level The alternative scenario is that oil drop to level of  65.79 Resistance: 67.72 - 68.45 - 69.88 Support: 65.79 - 64.53 - 63.76 Direction: sidewayMore

Gold Technical analysis 29 October 2018

09:13 pm 2018-10-28

Time frame Used - four hours Gold is moving in a sideway direction in the near term Gold still faces resistance around level of  1239 forming a negative candlestick pattern   In view of the technical indicators Both the RSI and Stochastic are indicating to weakness of the indicators   Therefore we expect that gold will drop to the 1225-1219-1215 levels   The alternative scenario is that gold breach level of  1239 to target the levels of  1247 - 1254 Resistance: 1239…More

OIL Technical analysis 26 October 2018

11:11 pm 2018-10-25

Time frame Used - four hours Oil is moving in a bearish direction in the near term The bears managed to control the oil movement to break the support level around level of 66.99 to reach the 65.79 level  but it still faces resistance around level of 66.09   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 target level of  64.53 The alternative…More

Gold Technical analysis 26 October 2018

11:08 pm 2018-10-25

Time frame Used - four hours Gold is moving in a bullish direction in the near term Gold still  faces resistance around the 1239 level and once again dropped below the 1233 level  Forming a positive candlestick pattern   In view of the technical indicators Both the RSI and the Stochastic are indicating signs of recovery   Therefore we expect that the gold will retreat to the 1239-1245 levels   The alternative scenario is that gold breach level of  1239 to target the…More

OIL Technical analysis 25 October 2018

11:09 pm 2018-10-24

Time frame Used - four hours Oil is moving in a bearish direction in the near term The bears managed to control the oil movement to break the support level around level of 66.99 to reach the 65.79 level  but it still faces resistance around level of 66.09   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 target level of  64.53 The alternative…More

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