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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 18 October 2018

11:35 pm 2018-10-17

  Time frame Used - four hours Gold is moving in a bearish direction in the near term The bears managed to control the gold movement to break the support level of 1124 down   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 fall to level of  1216-1206   The alternative scenario is that the gold breach level 1233, Which by breaking it above…More

OIL Technical analysis 17 October 2018

11:10 pm 2018-10-16

Time frame Used - four hours Oil is moving in a sideway direction in the near term Oil still faces resistance and selling pressure around 72.71   In view of the technical indicators Both the RSI and the Stochastic are indicating signs of recovery Accordingly, we expect that the oil will break the 72.71 level to test levels of  73.67 – 75.12 The alternative scenario is that oil drop to level of  69.09 Resistance: 72.71 - 73.67 - 75.12 Support:…More

Gold Technical analysis 17 October 2018

11:06 pm 2018-10-16

Time frame Used - four hours Gold is moving in a sideway direction in the near term Gold is still facing resistance and selling pressure around the 1233 level   In view of the technical indicators Both the RSI and the Stochastic are indicating to the arrival of indicators into the overbought area and the start of the decline below   Therefore we expect that the gold will fall to level of  1216-1206   The alternative scenario is that the gold breach level…More

OIL Technical analysis 16 October 2018

11:43 pm 2018-10-15

Time frame Used - four hours Oil is moving in a bearish direction in the near term The bears managed to press the oil to retreat below level of  70.46, forming a positive candlestick pattern but it still facing resistance around level of  72.71   In view of the technical indicators Both the RSI and the Stochastic are indicating signs of recovery Accordingly, we expect that the oil will break the 72.21 level to test levels of  73.67 – 75.12 The alternative scenario is…More

Gold Technical analysis 16 October 2018

11:41 pm 2018-10-15

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 level of 1226 to upside to reach the level 1226 where it faces 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 the level of 1233 again,…More

OIL Technical analysis 15 October 2018

10:03 pm 2018-10-14

Time frame Used - four hours Oil is moving in a bearish direction in the near term The bears managed to press the oil to drop below level of  70.49 Forming a positive candlestick pattern   In view of the technical indicators Both the RSI and the Stochastic are indicating signs of recovery Accordingly, we expect that the oil will break above the 72.21 level to test levels of  72.73 - 74.26 The alternative scenario is that the oil drop to level of…More

Gold Technical analysis 15 October 2018

10:01 pm 2018-10-14

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 level of 1215 to reach the resistance level of 1226, where it faces selling pressure around this level Forming a negative candlestick pattern   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…More

OIL Technical analysis 12 October 2018

11:46 pm 2018-10-11

Time frame Used - four hours Oil is moving in a bearish direction in the near term The bears managed to press the oil to drop below level of  70.49 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 oil will rebound higher to test levels of 72.21 - 72.73 The alternative scenario is that the oil drop to…More

Gold Technical analysis 12 October 2018

11:44 pm 2018-10-11

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 level of 1215 to reach the resistance level of 1226, where it faces 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 fall back to level  1215-1212…More

OIL Technical analysis 11 October 2018

05:32 am 2018-10-11

Time frame Used - four hours Oil is moving in a bearish direction in the near term The bears managed to press the oil to drop below level of  72.73   In view of the technical indicators Both the RSI and the Stochastic are indicating the arrival of indicators to the oversold area Accordingly, we expect that the oil will target levels of 72.03 - 71.40 The alternative scenario is that the oil drop to level of 69.87 Resistance: 72.73 - 74.26…More

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