Commodities Technical Analysis

Copper is up from its multi-month low at the 299.40, but the gains are seen as a correction (wave 4 in the fall from the Aug 1st high at 454.00), and with eventual new lows below 299.40 after (within ......

US Crude Oil futures retreated with equities in relatively quiet trading. The move lower appears to confirm the technical breakout from a Rising Wedge chart pattern detected by Autochartist, shown ......

Crude inclined sharply and returned to trade above the main resistance for the downside trend shown in black, where oil is not trading within the ascending channel anymore. Stochastic provides a ......

After dropping below 31.25 support to activate our morning scenario, the metal inclined again and currently testing the level and the breached ascending support as well. In general, trading remain ......

The metal is presently hovering around the lower line of Keltner channel as we anticipated this morning, but it is clear that stability was achieved below the lower line of rising wedge pattern and ......

Wheat futures traded in a narrow range to finish Wednesday’s session at the mid-point of a large Triangle chart pattern, illustrated here on the 240-minute time frame. This pattern has been ......

  GOLD Support: - 1621.22(main). Break of the latter will give 1609.80, where a correction is possible. Then 1597.50, where a correction is also possible. Be there a strong impulse, we would see ......

Key support at $26.0700.Silver’s latest price capitulation is a painful reminder to the investment community that lightning can strike twice. Note, this marks the second time silver has crashed,......

Risk of a larger decline beneath $1600.Gold remains bearish after its dramatic 20% price fall, which helped confirm the extreme overbought conditions (marked by DeMark™ indicators). This also ......

The metal is trading within a descending broadening wedge formation, this pattern is bullish by nature and usually before breakouts price fails to reach the opposite side of the formation and a ......

Gold tried to stabilize below the initial mathematical support –pivot of Camarilla lines- around 1653.00 and currently trading below the previous breached support line of the rising wedge ......

Crude inclined as we suggested earlier as our morning expectations remain valid, where stability within the ascending channel and also above the main descending resistance which started from the top ......

Corn futures pressed higher in Tuesday’s session to close at the upper edge of a Triangle chart pattern, which may preclude a technical breakout for Wednesday. Corn has managed to hold gains ......

GOLD Support: - 1654.76, 1642.50 and 1621.22(main). Break of the latter will give 1609.80, where a correction is possible. Then 1597.50, where a correction is also possible. Be there a strong impulse,......

Cable Initial support is seen at 1.5722 (Oct 14 low) followed by 1.5667 (Oct 13 low). Initial resistance is at 1.5869 (Sept 15 high) followed by 1.5991 (Sep 9 low). Aussie Initial ......

Crude (86.17) fell sharply from its high of 88.18. The 88-90 resistance levels is holding well and is keeping our broader bearish outlook intact for a fall to 80 in the coming weeks. Gold ......

Silver breached the awaited support level which is a horizontal support alongside the ascending support we mentioned previously, the metal  printed an hourly closing below 31.25, however we ......