Gold surged to its highest level since June 28th on lowered rate hike expectations and on a weakening US dollar versus the Euro and Aussie. Spot Gold finished the previous week at $1254.50.
Crude oil posted a two sided trade last week, however, the commodity dropped 2.77% to close the week at $45.62 a barrel.
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 23rd, 2017:
Crude Oil
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 |
| 42.67 | 44.10 | 44.87 | 46.30 | 47.07 | 48.50 | 49.27 |
Fibonacci Retracement Levels
0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 45.53 | 46.05 | 46.37 | 46.63 | 46.89 | 47.73 |
Gold
Indicators
Moving Averages | RSI | Parabolic SAR | CCI |
| Short | Neutral | Long | Long |
Floor Pivot Points
3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 1210.42 | 1219.77 | 1236.88 | 1246.23 | 1263.34 | 1272.69 | 1289.80 |
Fibonacci Retracement Levels
0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 1229.13 | 1235.37 | 1239.24 | 1242.36 | 1245.48 | 1255.59 |
Silver
Indicators
Moving Averages | RSI | Parabolic SAR | CCI |
| Short | Neutral | Long | Long |
Floor Pivot Points
3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 15.50 | 15.72 | 16.08 | 16.30 | 16.66 | 16.88 | 17.24 |
Fibonacci Retracement Levels
0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 15.93 | 16.07 | 16.15 | 16.22 | 16.29 | 16.51 |
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 |
| 263.08 | 265.61 | 268.16 | 270.69 | 273.24 | 275.77 | 278.32 |
Fibonacci Retracement Levels
0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 268.15 | 269.35 | 270.09 | 270.69 | 271.29 | 273.23 |
This post was originally published by EarnForex
This article was originally posted on FX Empire