Commodity Spread Betting Technical Analysis: Analysis for Oil, Silver, Gold for 13 January 2012

13 Jan 2012 Commodity Spread Betting Technical Analysis: Analysis for Oil, Silver, Gold

Commodities Technical Analysis
	Gold Analysis
	Silver Analysis
	Crude Oil Analysis
	Natural Gas Analysis
	Coffee Analysis
Indices Technical Analysis
	Indices Analysis
Forex Technical Analysis
	Forex Analysis

Daily Commodities Technical Analysis report discussing Support and Resistance Levels and Indicators such as Stochastics and the RSI for major commodities markets such as Crude Oil, Gold, Silver, Natural Gas and Coffee.

Supplied and sponsored by PipTrade.

Today’s Technical Analysis:

Commodities Analysis - 13 January 2012

Gold Technical Analysis

Gold closed higher on Thursday and the midrange close sets the stage for a steady opening on Friday. Stochastics and the RSI remain neutral-to-bullish signalling that sideways-to-higher prices are possible near-term. If it extends the rally off December's low, the 50% retracement level of the November-December decline crossing is the next upside target. Closes below the 20day moving average crossing would temper the near-term friendly outlook.

Silver Technical Analysis

Silver closed slightly higher on Thursday and the midrange close set the stage for a steady opening on Friday. Stochastics and the RSI remain neutral-to-bullish signalling that sideways-to-higher prices are possible near-term. If it extends the rally off December's low, the 50% retracement level of the November-December decline crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a short-term top has been posted.

Crude Oil Technical Analysis

Crude oil closed sharply lower on Thursday and the low-range close sets the stage for a steady-to-lower opening on Friday. Stochastics and the RSI have turned bearish signalling that sideways-to-lower prices are possible near-term. If it extends today's decline, the reaction low crossing is the next downside target. If it renews the rally off December's low, the 75% retracement level of the 2011 decline crossing is the next upside target.

Natural Gas Technical Analysis

Natural gas closed lower on Thursday and the high-range close sets the stage for a steady-to-higher opening on Friday. Stochastics and the RSI remain bearish signalling that sideways-to-lower prices are possible near-term. If it extends the aforementioned decline, monthly support crossing is the next downside target. Closes above the 20day moving average crossing are needed to confirm that a short-term low has been posted.

Coffee Technical Analysis

The coffee futures market closed lower on Thursday and the low-range close sets the stage for a steady-to-lower opening on Friday. Stochastics and the RSI are bullish signalling that sideways-to-higher prices are possible near-term. If it extends the rally off December's low, December's high crossing is the next upside target. Closes below the reaction low crossing would confirm that a short-term top has been posted.

Further Commodities Market Commentary and Data

For another view also see Commodities Trading News
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'13 Jan 2012 Commodity Spread Betting Technical Analysis: Analysis for Oil, Silver, Gold' edited by PipTrade, updated 13-Jan-12

Related Articles:

Commodities Analysis Index - an Index of Daily Commodities Analysis articles covering Trends, Supports and Resistance Levels for some of the major commodities markets including Crude Oil, Natural Gas, Gold, Silver and Coffee.

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