|
|
|
Commodities Technical Analysis
Daily technical analysis reports for popular commodities markets including crude oil, gold, silver, copper, natural gas and coffee.
This analysis covers both short-term and long-term price movements. Each analyst interprets the support/resistance levels and gives their view on the direction of the market. For more technical analysis, also see:
Commodities Technical Analysis - Updated: 24 May 2013 |
|
| 24-May-13 |
 [7:45am] After the Wall Street close, Gold was up $22.3 to $1392.7. The precious metal was below its 20DMA (@ $1432) and below its 50DMA (@ $1491).
Update by 
|
| 24-May-13 |
[7:45am] Gold Technical Analysis (30 mins chart)- Gold pivot point: $1,377.00
- Our preference: LONG positions above $1,377 with $1,401 & $1,419 as next targets.
- Alternative scenario: The downside penetration of $1,377 will call for a slide towards $1,354 & $1,336.
Comment: The next resistances are at $1,401 and then at $1,419.
Update by
|
| 24-May-13 |
[4:21am] Gold closed higher on Thursday as it extended the trading range of the past five days. The high-range close sets the stage for a steady-to-lower opening when Friday's session begins trading. Stochastics and the RSI are turning bullish hinting that a 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 renews this month's decline, April's low crossing is the next downside target.
Update by 
|
| 24-May-13 |
 [4:21am] Silver closed lower on Thursday leaving yesterday's key reversal down unconfirmed. Stochastics and the RSI are turning neutral-to-bearish hinting that a short-term top might be in or is near. The high-range close sets the stage for a steady-to-higher opening on Friday. If the Dow extends the rally off November's low into uncharted territory, upside targets will be hard to project. Closes below the 20 day moving average crossing would confirm that a short-term top has been posted.
Update by
|
| 24-May-13 |
 [7:45am] After the Wall Street close, Copper Future (JUL 13) on Comex was down 6.3c to 331.8c/lb.
The contract was above its 20DMA (@ 327.04c) and below its 50DMA (@ 334.28c).
The LME copper inventories decreased 3400 tons to 623875 tons.
Update by
|
| 24-May-13 |
 [4:21am] Natural gas closed higher on Thursday as it extends this week's rally. The high-range close sets the stage for a steady-to-higher 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 last week's low, the reaction high crossing is the next upside target. Closes below the 10 day moving average crossing would confirm that a short-term top has been posted.
Update by
|
| 24-May-13 |
 [4:21am] The coffee futures market closed higher due to short covering on Thursday as it consolidates some of this month's decline. The high-range close set the stage for a steady opening on Friday. Stochastics and the RSI are oversold but remain neutral-to-bearish signalling that sideways-to-lower prices are possible near-term. If it extends the aforementioned decline, weekly support crossing is the next downside target.
Update by
|
|
For more stock market views or technical analysis see:
This content is for information purposes only and is not intended as a recommendation to trade. Nothing on this website should be construed as investment advice.
Unless stated otherwise, the above time is based on when we receive the data (London time). All reasonable efforts have been made to present accurate information. The above is not meant to form an exhaustive guide. 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.
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 Technical Analysis' edited by Gordon Childs, updated 24-May-13
Related Articles:
FX Daily Trading Market Analysis for American Stock Markets, Dow, USD/CHF, updated 30-Jan-13
Daily Forex Analysis - FX Daily Trading Market Analysis for American Stock Markets, Dow, USD/CHF and...read article: FX Daily Trading Market Analysis for American Stock Markets, Dow, USD/CHF.
FX and Stock Market Spread Betting Market Analysis: Technical Review on USD/JPY, NASDAQ, US Stock Markets, updated 29-Jan-13
Indices Technical Analysis - FX and Stock Market Spread Betting Market Analysis: Technical Review on USD/JPY, NASDAQ, US Stock Markets and...read article: FX and Stock Market Spread Betting Market Analysis: Technical Review on USD/JPY, NASDAQ, US Stock Markets.
Stock Market Index and FX Daily Financial Spread Betting Technical Analysis: Technical Review of DJIA, Sterling/Dollar, US Indices, updated 28-Jan-13
Forex Technical Analysis - Stock Market Index and FX Daily Financial Spread Betting Technical Analysis: Technical Review of DJIA, Sterling/Dollar, US Indices and...read article: Stock Market Index and FX Daily Financial Spread Betting Technical Analysis: Technical Review of DJIA, Sterling/Dollar, US Indices.
Stock Market Index and Currency Daily Market Analysis: Technical Review on Dow, NASDAQ, US Indices, updated 25-Jan-13
Forex and Stock Market Analysis - Stock Market Index and Currency Daily Market Analysis: Technical Review on Dow, NASDAQ, US Indices and...read article: Stock Market Index and Currency Daily Market Analysis: Technical Review on Dow, NASDAQ, US Indices.
FX and Stock Index Spread Trading Analysis: Analysis for FX, Dow Jones, S+P 500, updated 24-Jan-13
Indices and Currencies Analysis - FX and Stock Index Spread Trading Analysis: Analysis for FX, Dow Jones, S+P 500 and...read article: FX and Stock Index Spread Trading Analysis: Analysis for FX, Dow Jones, S+P 500.
Stock Market Indices and Forex Trading Technical Analysis on EUR/USD, Sterling/Dollar, US Indices, updated 23-Jan-13
Currencies and Indices Analysis - Stock Market Indices and Forex Trading Technical Analysis on EUR/USD, Sterling/Dollar, US Indices and...read article: Stock Market Indices and Forex Trading Technical Analysis on EUR/USD, Sterling/Dollar, US Indices.
Stock Market Index and Forex Spread Betting Analysis: Technical Review covering Forex, Dollar/Yen, Nasdaq 100, updated 22-Jan-13
Daily Index and Forex Analysis - Stock Market Index and Forex Spread Betting Analysis: Technical Review covering Forex, Dollar/Yen, Nasdaq 100 and...read article: Stock Market Index and Forex Spread Betting Analysis: Technical Review covering Forex, Dollar/Yen, Nasdaq 100.
Forex and Stock Market Daily Financial Spread Betting Analysis on Euro/Dollar, S+P 500, American Stock Markets, updated 21-Jan-13
Forex and Indices Analysis - Forex and Stock Market Daily Financial Spread Betting Analysis on Euro/Dollar, S+P 500, American Stock Markets and...read article: Forex and Stock Market Daily Financial Spread Betting Analysis on Euro/Dollar, S+P 500, American Stock Markets.
Currency Spread Trading Technical Analysis: Analysis of US Stock Markets, Dow Jones, USD/CHF, updated 18-Jan-13
Index and Forex Analysis - Currency Spread Trading Technical Analysis: Analysis of US Stock Markets, Dow Jones, USD/CHF and...read article: Currency Spread Trading Technical Analysis: Analysis of US Stock Markets, Dow Jones, USD/CHF.
FX and Stock Market Index Daily Trading Analysis: Technical Review for DJIA, NASDAQ, FX, updated 17-Jan-13
Daily Indices and Currencies Analysis - FX and Stock Market Index Daily Trading Analysis: Technical Review for DJIA, NASDAQ, FX and...read article: FX and Stock Market Index Daily Trading Analysis: Technical Review for DJIA, NASDAQ, FX.
First Page << 1 2 3 4 5 6 7 8 9 10 11 12 >> Last Page
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.
|
|
Q) Average Trading Results?
A) Get free trading tips, offers, price updates, important news and more!
|
|
|
|
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.
|
|
