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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 | 22 February 2018

12:13 am 2018-02-22

  Time frame Used - four hours Oil is moving in a bearish direction in the near term The purchasing power managed to control the movement of oil to bounce back to break the important resistance level of 60.78 dollars to reach the level of 62.75 where it  faces resistance and selling pressure around this level forming  of a rising wedge And looking at the technical indicators Both the RSI and the Stochastic are pointing to the continued decline in the indicators Accordingly,…More

Gold Technical analysis | 22 February 2018

12:10 am 2018-02-22

  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 break the gold level 1347 down to reach the level of 1322 where we note deceleration in the strength of the seller And looking at the technical indicators The RSI indicates a positive divergence between the index and prices The Stochastic Indicator indicates that the indicator reaches the oversold area Therefore, we expect gold…More

OIL Technical analysis | 21 February 2018

12:19 am 2018-02-21

  Time frame Used - four hours Oil is moving in a bearish direction in the near term The purchasing power managed to control the movement of oil to bounce back to break the important resistance level of 60.78 dollars to reach the level of 62.75 where it  faces resistance and selling pressure around this level forming  of a rising wedge And looking at the technical indicators Both the RSI and the Stochastic are pointing to the continued decline in the indicators Accordingly, we…More

Gold Technical analysis | 21 February 2018

12:16 am 2018-02-21

  Time frame Used - four hours Gold is moving in a bearish direction in the near term The purchasing power managed to push the gold movement to the upside to breach the main descending trend line to break 1356 level to reach level of  1361  where gold faced resistance and selling pressure around this level to retreat to the level of 1328 trying to hold above this level And looking at the technical indicators Both the RSI and the Stochastic are indicating signs of…More

Crude Oil Daily Technical Analysis | 20 February 2018

12:08 am 2018-02-20

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 bounce back to break through the important resistance level of 60.78 dollars to reach the level of 61.73 where it faces resistance and selling pressure around this level, but it is still consolidation above the minor uptrend line And looking at  the technical indicators Both the RSI and the Stochastic are indicating  to the…More

Gold Daily Technical Analysis | 20 February 2018

12:05 am 2018-02-20

  Time frame Used - four hours Gold is moving in a sideway in the near-term The purchasing power managed to push the gold movement to the upside to breach the main descending trend line to break through the level of 1356 to reach the level of 1358 where gold faced resistance and selling pressure around this level to decline to the level of 1344 component positive candle model And looking at the technical indicators Both the RSI and the Stochastic are indicating signs…More

Crude Oil Daily Technical Analysis | 19 February 2018

10:22 pm 2018-02-18

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 bounce back to break through the important resistance level of 60.78 dollars to reach the level of 61.73 where it faces resistance and selling pressure around this level, but it is still coherent above the rising trend line sub- And looking at  the technical indicators Both the RSI and the Stochastic are indicating  to the continued positive performance of…More

Gold Daily Technical Analysis | 19 February 2018

10:20 pm 2018-02-18

  Time frame Used - four hours Gold is moving in a sideway in the  near-term The purchasing power managed to push the gold movement to the upside to breach the main descending trend line to break through the level of 1356 to reach the level of 1358 where gold faced resistance and selling pressure around this level to decline to the level of 1344 component positive candle model And looking at the technical indicators Both the RSI and the Stochastic are indicating signs of…More

Crude Oil Daily Technical Analysis | 16 February 2018

09:59 am 2018-02-16

  Time frame Used - four hours Oil is moving in a bullish trend  in the  near-term The purchasing power managed to control the movement of oil to bounce back to break through the important resistance level of 60.78 dollars to reach the level of 61.73 And looking at  the technical indicators Both the RSI and the Stochastic are indicating to the continued positive performance of the indicators Accordingly, we expect oil to target 62.75 again The alternative scenario is to break the level…More

Gold Daily Technical Analysis | 16 February 2018

09:48 am 2018-02-16

  Time frame Used- four hours Gold is moving in a bullish direction in the near term the Purchasing power managed to push the gold movement to the upside to breach the main descending trend line to breach the 1356 level to reach 1358 level. And looking at the technical indicators Both the RSI and the Stochastic are indicating to the arrival of indicators into the overbought area Therefore, we expect the gold to target 1365 again, which breached above will target the 1372 levelMore

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