Commodities Analysis 9 November 2010
|
|
 |
|
|
|
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 - 9 November 2010
 Gold Technical Analysis
Gold closed higher on Monday as it posted another new all-time high. The high-range close sets the stage for a steady-to-higher opening on Tuesday. Stochastics and the RSI remain bullish signalling that sideways-to-higher prices are possible near-term. If it extends this year's rally into uncharted territory, upside targets will now be hard to project. Closes below the reaction low crossing would confirm that a short-term top has been posted.
 Silver Technical Analysis
Silver closed sharply higher on Monday as it extended this year's rally. The high-range close sets the stage for a steady-to-higher opening on Tuesday. Stochastics and the RSI are overbought but remain bullish signalling that sideways-to-higher prices are possible near-term. If it extends this year's rally, monthly resistance 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 closed higher on Monday as it extends the rally off August's low. The high-range close sets the stage for a steady-to-higher opening on Tuesday. Stochastics and the RSI remain neutral-to-bullish signalling that sideways-to-higher prices are possible near-term. If it extends the aforementioned rally, the 75% 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 closed higher on Monday as it extends the rebound off last Thursday's low. Stochastics and the RSI are turning bullish with today's rally signalling that sideways-to-higher prices are possible near-term. If it extends the rally off October's low, the reaction high crossing is the next upside target. Closes below last Thursday's low crossing would confirm that a short-term top has been posted.
 Coffee Technical Analysis
Coffee closed higher on Monday as it extends this year's rally. The high-range close sets the stage for a steady-to-higher opening on Tuesday. Stochastics and the RSI are diverging but are turning bullish signalling that sideways-to-higher prices are possible near-term. If it extends this year's rally, monthly resistance crossing is the next upside target. Closes below the reaction low 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 9 November 2010' edited by PipTrade, updated 09-Nov-10
Related Articles:
Commodities Market Analysis, updated 10-May-13
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, Coffee and...read article: Commodities Market Analysis.
Commodity Spread Betting Technical Analysis: Analysis for Natural Gas, Oil, Gold, updated 17-Apr-13
Daily Gas Technical Analysis - Commodity Spread Betting Technical Analysis: Analysis for Natural Gas, Oil, Gold and...read article: Commodity Spread Betting Technical Analysis: Analysis for Natural Gas, Oil, Gold.
Commodity Financial Spread Betting Market Analysis for Coffee, Crude Oil, Natural Gas, updated 16-Apr-13
Daily Commodities Technical Analysis - Commodity Financial Spread Betting Market Analysis for Coffee, Crude Oil, Natural Gas and...read article: Commodity Financial Spread Betting Market Analysis for Coffee, Crude Oil, Natural Gas.
Commodities Technical Analysis: Analysis for Natural Gas, Coffee, Crude Oil, updated 15-Apr-13
Daily Oil Market Analysis - Commodities Technical Analysis: Analysis for Natural Gas, Coffee, Crude Oil and...read article: Commodities Technical Analysis: Analysis for Natural Gas, Coffee, Crude Oil.
Commodities Spread Trading Market Analysis: Technical Review for Silver, Oil, Coffee, updated 12-Apr-13
Commodities Technical Market Analysis - Commodities Spread Trading Market Analysis: Technical Review for Silver, Oil, Coffee and...read article: Commodities Spread Trading Market Analysis: Technical Review for Silver, Oil, Coffee.
Daily Commodities Trading Analysis with Gold, Gas, Coffee, updated 11-Apr-13
Commodities Technical Analysis - Daily Commodities Trading Analysis with Gold, Gas, Coffee and...read article: Daily Commodities Trading Analysis with Gold, Gas, Coffee.
Daily Commodities Spread Betting Market Analysis on Natural Gas, Coffee, Oil, updated 10-Apr-13
Crude Oil Technical Market Analysis - Daily Commodities Spread Betting Market Analysis on Natural Gas, Coffee, Oil and...read article: Daily Commodities Spread Betting Market Analysis on Natural Gas, Coffee, Oil.
Daily Commodity Analysis for Coffee, Oil, Silver, updated 09-Apr-13
Daily Natural Gas Trading Analysis - Daily Commodity Analysis for Coffee, Oil, Silver and...read article: Daily Commodity Analysis for Coffee, Oil, Silver.
Commodities Spread Trading Analysis: Technical Review of Gold, Silver, Crude Oil, updated 08-Apr-13
Gold Technical Analysis - Commodities Spread Trading Analysis: Technical Review of Gold, Silver, Crude Oil and...read article: Commodities Spread Trading Analysis: Technical Review of Gold, Silver, Crude Oil.
Commodity Trading Analysis Covering Oil, Silver, Coffee, updated 05-Apr-13
Daily Oil Technical Market Analysis - Commodity Trading Analysis Covering Oil, Silver, Coffee and...read article: Commodity Trading Analysis Covering Oil, Silver, Coffee.
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!
|
|
