Commodities Analysis 3 February 2011
|
|
 |
|
|
|
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 - 3 February 2011
 Gold Technical Analysis
Gold lower on Wednesday as it consolidates above the 25% retracement level of the 2009-2010-rally crossing. The mid-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI are bullish signalling 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 the decline off January's high, the 25% retracement level of the 2009-2010-rally crossing is the next downside target.
 Silver Technical Analysis
Silver closed lower due to profit taking on Wednesday as it consolidates some of this week's rally but remains above the 20-day moving average crossing. The mid-range close sets the stage for a steady-to-higher opening on Thursday. Stochastics and the RSI are bullish signalling that sideways-to-higher prices are possible near-term. Multiple closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted. If it renews the decline off January's high, the 38% retracement level of the July-January rally crossing is the next downside target.
 Crude Oil Technical Analysis
Crude Oil closed higher on Wednesday and the mid-range close sets the stage for a steady-to-higher opening on Thursday. Stochastics and the RSI are bullish signalling that sideways-to-higher prices are possible near-term. If it extends the rally off last Friday's low, January's high crossing is the next upside target. If it renews this winter's rally, weekly resistance crossing is the next upside target. Closes below the 10-day moving average crossing would temper the near-term friendly outlook.
 Natural Gas Technical Analysis
Natural Gas closed higher on Wednesday as it extends the rebound off last Friday's low. Stochastics and the RSI are turning neutral-to-bullish hinting that a short-term low might be in or is near. Closes above the 10-day moving average crossing would confirm that a short-term low has been posted. If it extends last week's decline, the 62% retracement level of the October-January rally crossing at the next downside target.
 Coffee Technical Analysis
Coffee closed higher on Wednesday as it extends this winter's rally. The high-range close sets the stage for a steady-to-higher opening on Thursday. Stochastics and the RSI are bullish signalling that sideways-to-higher prices are possible near-term. If it extends this winter's rally, monthly resistance crossing is the next upside target. Closes below the 20-day moving average crossing are needed to confirm that a top has been posted.
Further Commodities Market Commentary and Data
Spread Trading and CFDs carry a high level of risk and you may lose more than your initial investment. 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 of this report are for information purposes only.
It is not intended as a recommendation to trade.
Neither CleanFinancial.com nor PipTrade accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.
Financial Spreads » "With FinancialSpreads.com you get all the advantages of
Spread Betting as well as commission free CFD Trading on 2,500+ markets, 24 hour trading, professional level charts and..." read
Financial Spreads review.
|
Spread Trading and CFDs carry a high level of risk and you may lose more than your initial investment. 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.
Article approved/supplied by PipTrade which is a trading name Henyep Capital Markets (UK) Limited which is authorised and regulated by the Financial Services Authority. Register No: 186171.
'Commodities Analysis 3 February 2011' edited by PipTrade, updated 03-Feb-11
Related Articles:
Commodity Spread Betting Market Analysis: Analysis of Coffee, Gold, Crude Oil, updated 03-Apr-13
Commodities Market Analysis - Commodity Spread Betting Market Analysis: Analysis of Coffee, Gold, Crude Oil and...read article: Commodity Spread Betting Market Analysis: Analysis of Coffee, Gold, Crude Oil.
Daily Commodities Financial Spread Betting Technical Analysis: Analysis of Oil, Natural Gas, Gold, updated 02-Apr-13
Crude Oil Technical Analysis - Daily Commodities Financial Spread Betting Technical Analysis: Analysis of Oil, Natural Gas, Gold and...read article: Daily Commodities Financial Spread Betting Technical Analysis: Analysis of Oil, Natural Gas, Gold.
Daily Commodities Trading Technical Analysis: Analysis for Crude Oil, Silver, Gold, updated 28-Mar-13
Silver Analysis - Daily Commodities Trading Technical Analysis: Analysis for Crude Oil, Silver, Gold and...read article: Daily Commodities Trading Technical Analysis: Analysis for Crude Oil, Silver, Gold.
Daily Commodities Spread Betting Market Analysis: Technical Review of Silver, Oil, Gold, updated 27-Mar-13
Gold Technical Market Analysis - Daily Commodities Spread Betting Market Analysis: Technical Review of Silver, Oil, Gold and...read article: Daily Commodities Spread Betting Market Analysis: Technical Review of Silver, Oil, Gold.
Daily Commodity Financial Spread Betting Market Analysis: Analysis for Silver, Gold, Gas, updated 26-Mar-13
Daily Crude Oil Analysis - Daily Commodity Financial Spread Betting Market Analysis: Analysis for Silver, Gold, Gas and...read article: Daily Commodity Financial Spread Betting Market Analysis: Analysis for Silver, Gold, Gas.
Daily Commodity Analysis for Silver, Natural Gas, Gold, updated 25-Mar-13
Crude Oil Trading Analysis - Daily Commodity Analysis for Silver, Natural Gas, Gold and...read article: Daily Commodity Analysis for Silver, Natural Gas, Gold.
Daily Commodity Spread Trading Market Analysis: Analysis for Silver, Gold, Crude Oil, updated 21-Mar-13
Coffee Market Analysis - Daily Commodity Spread Trading Market Analysis: Analysis for Silver, Gold, Crude Oil and...read article: Daily Commodity Spread Trading Market Analysis: Analysis for Silver, Gold, Crude Oil.
Daily Commodities Trading Market Analysis for Oil, Gold, Silver, updated 20-Mar-13
Oil Technical Market Analysis - Daily Commodities Trading Market Analysis for Oil, Gold, Silver and...read article: Daily Commodities Trading Market Analysis for Oil, Gold, Silver.
Commodity Spread Betting Technical Analysis Covering Gold, Natural Gas, Oil, updated 19-Mar-13
Daily Oil Trading Analysis - Commodity Spread Betting Technical Analysis Covering Gold, Natural Gas, Oil and...read article: Commodity Spread Betting Technical Analysis Covering Gold, Natural Gas, Oil.
Commodity Technical Analysis: Analysis of Silver, Coffee, Crude Oil, updated 18-Mar-13
Daily Gold Market Analysis - Commodity Technical Analysis: Analysis of Silver, Coffee, Crude Oil and...read article: Commodity Technical Analysis: Analysis of Silver, Coffee, Crude Oil.
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!
|
|
