Gold prices moved lower as the Dollar gained traction in the wake of the stronger than expected U.S. payroll report. Prices hit fresh 4-month lows at 1,207, but rebounded into the close near support at 1,212.
Crude oil prices continued to tumble late last week even after the release of potentially bullish inventories data from the U.S. government.
The technical analysis, that includes the indicators’ data and major pivot points for WTI Oil, Gold, Silver and Copper as traded on spot market as of July 9th, 2017:
Crude Oil
Indicators
Moving Averages | RSI | Parabolic SAR | CCI |
| Short | Neutral | Short | Neutral |
Floor Pivot Points
3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 39.35 | 41.55 | 42.92 | 45.12 | 46.49 | 48.69 | 50.06 |
Fibonacci Retracement Levels
0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 43.76 | 44.60 | 45.12 | 45.55 | 45.97 | 47.33 |
Gold
Indicators
Moving Averages | RSI | Parabolic SAR | CCI |
| Short | Oversold | Short | Short |
Floor Pivot Points
3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 1169.11 | 1188.11 | 1200.05 | 1219.05 | 1230.99 | 1249.99 | 1261.93 |
Fibonacci Retracement Levels
0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 1207.11 | 1214.41 | 1218.93 | 1222.58 | 1226.23 | 1238.05 |
Silver
Indicators
Moving Averages | RSI | Parabolic SAR | CCI |
| Short | Oversold | Short | Short |
Floor Pivot Points
3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 12.14 | 13.24 | 14.40 | 15.50 | 16.66 | 17.76 | 18.92 |
Fibonacci Retracement Levels
0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 14.35 | 14.88 | 15.21 | 15.48 | 15.75 | 16.61 |
Copper
Indicators
Moving Averages | RSI | Parabolic SAR | CCI |
| Long | Neutral | Long | Neutral |
Floor Pivot Points
3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 253.45 | 257.80 | 260.30 | 264.65 | 267.15 | 271.50 | 274.00 |
Fibonacci Retracement Levels
0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 262.15 | 263.77 | 264.77 | 265.58 | 266.38 | 269.00 |
This post was originally published by EarnForex
This article was originally posted on FX Empire