Commodities Technical Analysis

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 1585.76. ...

Support (daily close): 39.36, 34.88, 31.28, 23.17, 19.57, 15.10, 11.70, 9.64, 8.11 and 6.98(published on December 07, 2008).Resistance(daily close): 95.73, 98.21, 99.45, 101.48 and 102.27 (published ...

Oil dropped just below 77.00 to activate our morning scenario. Areas of 77.00 should form an intraday support for the commodity where the 50 period SMA over the hourly time frame is located. The ...

The negative bias is clear on silver, which is currently trading around 29.05, where stability below this level could support the downside movement to extend. But, the metal could retest higher levels...

The Crude Oil (WTI) price made a bottom in the $75.00 area yesterday by creating a double test of the support; this kind of bottoming pattern can produce important rallies. Focusing on the most recent...

Just a few dollars separated between our suggested resistance where the metal should resume the downtrend and areas that were visited during the previous session as seen on the secondary image. In ...

US Crude Oil futures may have reached a temporary bottom after dropping sharply in Tuesday’s trading session. The recent breakout from the large Triangle chart pattern, shown here on the hourly ...

Cable Initial support is at 1.5400 (big figure support) followed by 1.5328 (Sept 22 low). Initial resistance is at 1.5597 (Oct 3 high) followed by 1.5666 (Sept 30 high). Aussie Initial ...

Crude (77.77) has recovered well from near 75 following the weaker dollar. Resistance is seen near 80-81 and only a strong rise past this resistance region will ease the overall downside ...

Spot Gold:Gold has come off a lot in the last 2 sessions with 1679 the high and 1595 the low. We are a little overextended on the downside and if we can hold 1595 we can see this retrace back towards ...

No noticeable changes since morning, where oil settled above 76.00 and trading within a narrow range. We hold onto our bearish outlook for oil, however we may witness an upside pullback affected by ...

The simple moving average 50 at 30.55 was able to stop silver negative momentum, which drive us to expect another attempt to breach the sideways range resistance by providing consolidation above ...

Now, we will look at the four-hour chart to explain why we decided to stay aside today. From the first look at the provided graph, we will find that collapse from all-time high of 1920.00 to the ...

The first trading day of October saw gains in the price of gold, as end of quarter selling pressure from last week appears to have left the market in a position for a short covering rally. Gold ...

Cable Initial support is at 1.5400 (big figure support) followed by 1.5328 (Sept 22 low). Initial resistance is at 1.5597 (Oct 3 high) followed by 1.5666 (Sept 30 high). Aussie Initial ...

The increasing concerns on the Greece default and the stronger Dollar is keeping Crude pressured. Crude (76.73) fell further and keeps our bearish view intact for a test of 75.00-70.00. Gold...

Support: - 29.60 and 29.14.60(main).where correction is possible. Break of the latter would give 28.36, where correction may happen. Then goes 28.09. If a strong impulse, we would see 27.92. ...