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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 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 that oil…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, Which by…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 69.87 Resistance:…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 fall back…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

Gold Technical analysis 11 October 2018

05:25 am 2018-10-11

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 penetrate the level of 1191 to upside   In view of the technical indicators Both the RSI and the Stochastic are indicating to the arrival of the indicators into the oversold area and the performance of the indicators is closed   Therefore we expect that the gold will test levels of  1204-1208 again The alternative scenario…More

OIL Technical analysis 10 October 2018

05:25 am 2018-10-10

Time frame Used - four hours Oil is moving in a sideway direction in the near term The selling force was able to press the oil to retreat to the support level of 74.26, but it faces selling pressures around This level does not enable it from rebounding to the upside as well as breaking the main uptrend line to downside for the first time since last September.   In view of the technical indicators Both the RSI and Stochastic are indicating to decline of the indicatorsMore

Gold Technical analysis 10 October 2018

05:23 am 2018-10-10

Time frame Used - four hours Gold is moving in a bearish direction in the near term The bears managed to control the movement of gold to retreat down to the levels of 1183 - 1182   In view of the technical indicators Both the RSI and the Stochastic are pointing to the arrival of the indicators into the oversold area and the performance of the indicators is closed   Therefore, we expect that the gold will test level of  1191 again, which will breach…More

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