Commodities Analysis
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Commodities Analysis

Commodities 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.

Commodities Analysis - 8 October 2010



Gold Technical Analysis   Gold Technical Analysis

Gold closed lower on Wednesday and the low-range close sets the stage for a steady-to-lower opening on Friday. Stochastics and the RSI are overbought but remain neutral-to-bullish signalling that sideways-to-higher prices are possible near-term. With it trading into uncharted territory, upside targets are hard to project. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted.


Silver Technical Analysis   Silver Technical Analysis

Silver closed lower on Wednesday and the low-range close sets the stage for a steady-to-lower opening on Friday. Stochastics and the RSI are overbought but remain neutral-to-bullish signalling that additional short-term gains are possible near-term. If it extends the aforementioned rally, the 62% retracement level of the 1980-1993 decline on the weekly chart crossing is the next upside target. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted.


Crude Oil Technical Analysis   Crude Oil Technical Analysis

Crude Oil closed lower on Thursday and the low-range close sets to stage for a steady-to-lower opening on Friday. Stochastics and the RSI are overbought but remain neutral-to-bullish signalling that sideways-to-higher prices are possible near-term. If it extends the rally off last week's low, the 62% retracement level of May's decline crossing is the next upside target. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted.


Natural Gas Technical Analysis   Natural Gas Technical Analysis

Natural Gas closed lower on Thursday as it extends last week's decline. The low-range close sets the stage for a steady-to-lower opening on Friday. Stochastics and the RSI are oversold and are turning neutral-to-bullish hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted. If it extends this year's decline, weekly support crossing is the next downside target.


Coffee Technical Analysis   Coffee Technical Analysis

Coffee closed lower on Thursday and the low-range close sets the stage for a steady-to-lower opening on Friday. Stochastics and the RSI remain bullish signalling that sideways-to-higher prices are possible near-term. If it extends Tuesday's rally, the reaction high crossing is the next upside target. Closes below the 10-day moving average crossing would confirm that a top has been posted.


Risk Warning: Spread betting and CFD trading carry a high level of risk to your capital and you may lose more than your initial investment. Spread betting and CFD trading may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.

'Commodities Analysis' by PipTrade, updated 11-Jun-13

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Risk Warning: CFD trading and spread trading carry a high level of risk to your capital and you may lose more than your initial investment. CFD trading and spread trading may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.

The contents on CleanFinancial.com are for information purposes only and are not intended as a recommendation to trade. Nothing on this website should be construed as investment advice.

Neither CleanFinancial.com nor any contributing company/author accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.


* Tax law is subject to change or may differ if you pay tax in a jurisdiction other than the UK.

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