Commodities Technical Analysis, November 20th – November 24th, 2017

Gold finished the previous week higher as uncertainty over the tax reform add risk to the markets and weighed on the US dollar. Gold futures settled at $1296.50, up +1.43%.

WTI crude oil closed the higher on Friday, however, crude oil prices posted their first weekly loss in six weeks. WTI Crude Oil futures settled at $56.71, down -0.47%.

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 November 19th, 2017:

Crude Oil

Indicators

Moving Averages	RSI	Parabolic SAR	CCI
Long	Neutral	Short	Neutral

Crude Oil Daily Chart – Indicators

Floor Pivot Points

3rd Sup	2nd Sup	1st Sup	Pivot	1st Res	2nd Res	3rd Res
52.96	53.89	55.30	56.23	57.64	58.57	59.98

Crude Oil Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%	23.6%	38.2%	50.0%	61.8%	100.0%
54.81	55.36	55.70	55.98	56.26	57.15

Crude Oil Daily Chart – Fibonacci

Gold

Indicators

Moving Averages	RSI	Parabolic SAR	CCI
Short	Neutral	Long	Long

Gold Daily Chart – Indicators

Floor Pivot Points

3rd Sup	2nd Sup	1st Sup	Pivot	1st Res	2nd Res	3rd Res
1249.30	1259.55	1276.59	1286.84	1303.88	1314.13	1331.17

Gold Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%	23.6%	38.2%	50.0%	61.8%	100.0%
1269.81	1276.25	1280.23	1283.46	1286.68	1297.10

Gold Daily Chart – Fibonacci

Silver

Indicators

Moving Averages	RSI	Parabolic SAR	CCI
Neutral	Neutral	Long	Long

Silver Daily Chart – Indicators

Floor Pivot Points

3rd Sup	2nd Sup	1st Sup	Pivot	1st Res	2nd Res	3rd Res
16.36	16.59	16.93	17.16	17.50	17.73	18.07

Silver Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%	23.6%	38.2%	50.0%	61.8%	100.0%
16.81	16.94	17.03	17.10	17.16	17.38

Silver Daily Chart – Fibonacci

Copper

Indicators

Moving Averages	RSI	Parabolic SAR	CCI
Short	Neutral	Short	Neutral

Copper Daily Chart – Indicators

Floor Pivot Points

3rd Sup	2nd Sup	1st Sup	Pivot	1st Res	2nd Res	3rd Res
290.71	296.45	301.16	306.90	311.61	317.35	322.06

Copper Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%	23.6%	38.2%	50.0%	61.8%	100.0%
302.18	304.65	306.17	307.41	308.64	312.63

Copper Daily Chart – Fibonacci

This post was originally published by EarnForex

This article was originally posted on FX Empire

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