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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 24 April 2018

12:27 am 2018-04-24

Time frame Used - four hours Oil is moving in a sideway in the  near-term Oil still faces resistance around 68.95   In view of the technical indicators Both the RSI and the Stochastic are showing signs of recovery Accordingly, we expect that  oil will  breach the level of  68.95 targeting level of  71.76 The alternative scenario is that oil will drop to level of  67.47 again Resistance: 68.95 - 70.50 - 71.67 Support: 68.00 - 67.47 - 66.55 Direction:…More

Gold Technical analysis 24 April 2018

12:25 am 2018-04-24

Time frame Used - four hours Gold is moving in a bearish direction in the near term The selling force managed to control the movement of gold to push gold to decline to the level of 1321 as mentioned in the previous report, trying to consolidate above  this level  In view of the technical indicators The RSI and Stochastic are linked to the arrival of indicators to the oversold area and the start of the recovery of indicators  Accordingly, we expect that the  gold…More

OIL Technical analysis 23 April 2018

10:38 pm 2018-04-22

Time frame Used - four hours Oil is moving in a bearish direction in the near term The selling force managed to control the movement of oil to hit  the level of 68.14   In view of the technical indicators Both the RSI and the Stochastic are showing signs of recovery Accordingly, we expect that  the oil will  test the levels of 67.60 - 66.55 again The alternative scenario is that  the oil breach level of 68.95 to target level of  71.76…More

Gold Technical analysis 23 April 2018

10:35 pm 2018-04-22

Time frame Used - four hours Gold is moving in a bearish direction in the near term The selling force managed to control the movement of gold to push the gold to decline to the level of 1333 as mentioned in the previous report   In view of the technical indicators The RSI and the Stochastic are indicating to the arrival of indicators to the oversold area   Therefore, we expect that the  gold will  break through the uptrend line down  and fall back…More

OIL Technical analysis 20 April 2018

05:25 am 2018-04-20

Time frame Used - four hours Oil is moving in a bearish direction in the near term The selling force managed to control the movement of oil to hit  the level of 68.14   In view of the technical indicators Both the RSI and the Stochastic are indicating to the arrival of indicators to lower indicators Accordingly, we expect that  the oil will  test the levels of 67.60 - 66.55 again The alternative scenario is that  the oil breach level of 68.95 to…More

Gold Technical analysis 20 April 2018

05:12 am 2018-04-20

Time frame Used  - four hours Gold is moving in a sideway in the  near-term The selling force managed to control the movement of gold to push the gold to decline to the level of 1340   In view of the technical indicators The Relative Strength Index (RSI) refers to the broken indicator of the uptrend line to down side The Stochastic is indicating to the decline of the indicator   Therefore, we expect that the  gold will  break through the upside trend…More

OIL Technical analysis 19 April 2018

12:12 am 2018-04-19

Time frame Used - four hours Oil is moving in a bullish direction in the near term The purchasing power managed to control the movement of oil to the level of 68.95 where it faces some selling pressure   In view of the technical indicators Both the RSI and the Stochastic are indicating to the arrival of indicators into the overbought area Therefore we expect that the  oil will  test 68.00 - 67.60 again The alternative scenario is that  the oil breach level…More

Gold Technical analysis 19 April 2018

12:09 am 2018-04-19

Time frame Used - four hours Gold is moving in a bullish direction in the near term Purchasing power managed to control the movement of gold to push gold to break through the level of  1347 to upside   In view of the technical indicators Both the RSI and the Stochastic are indicating signs of recovery   Therefore we expect that the  gold will  test levels  of  1356-1355 again The alternative scenario is that  gold drop to levels of  1347-1340 Resistance:…More

OIL Technical analysis 18 April 2018

01:56 am 2018-04-18

Time frame Used - four hours Oil is moving in a sideway direction in the near term The selling force  managed to control the movement of oil to retreat below the level of 66.55  Then start the rebound to the upside once again breaching the level of 66.55   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 level of  66.55 to upside and   test level of 67.60 againMore

Gold Technical analysis 18 April 2018

01:49 am 2018-04-18

  Time frame Used - four hours Gold is moving in a sideway in the near-term The purchasing power managed to control the movement of gold to push the gold to the level of 1347 where it still   facing some of the selling pressures around this level forming a  negative candlesticks pattern   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  test levels of 1333-1330…More

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