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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

OIL Technical analysis 14 December 2018

07:16 am 2018-12-14

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 levels of 52.66 - 54.54. 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 test the level of 50.00 dollar, which by breaking it down will target the levels of 48.50 - 47.50 The alternative scenario is that the oil retest…More

Gold Technical analysis 14 December 2018

07:12 am 2018-12-14

Time frame Used - four hours Gold is moving in a bearish direction in the near term. Gold broke the resistance level below 1241 forming a technical pattern called a bearish triangle where gold faced heavy selling pressure near 1250 levels.   In view of the technical indicators Both the RSI and Stochastic are pointing to weak indicators.   Therefore, we expect that the gold will target the 1234-1232 levels and this scenario fails in case of closing above the 1241 level again.…More

OIL Technical analysis 13 December 2018

12:41 am 2018-12-13

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 levels of 52.66 - 54.54. 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 test the level of 50.00 dollar, which by breaking it down will target the levels of 48.50 - 47.50 The alternative scenario is that the oil retest…More

Gold Technical analysis 13 December 2018

12:38 am 2018-12-13

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 resistance level of 1250 to fall back to support level 1241 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 target levels of 1250-1254-1260 and this scenario fails if the gold breaks level of 1241 down.More

OIL Technical analysis 12 December 2018

12:18 am 2018-12-12

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 levels of 52.50 - 54.54. In view of the technical indicators Both the RSI and Stochastic are indicating to weakness of the indicators. Accordingly, we expect that the oil will test levels of 52.5 - 54.54 dollar. The alternative scenario is that the oil broke level of 50.00 dollar downside which by breaking it below will target…More

Gold Technical analysis 12 December 2018

12:16 am 2018-12-12

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 resistance level of 1250 to fall back to support level 1241 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 target levels of 1250-1254-1260 and this scenario fails if the gold breaks level of 1241 down.More

OIL Technical analysis 11 December 2018

05:33 am 2018-12-11

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 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

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