Commodities Market Analysis
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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:
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Commodities Analysis - 18 May 2012
 Gold Technical Analysis
Gold closed higher due to short covering on Thursday and the high-range close sets the stage for a steady-to-higher opening on Friday. Stochastics and the RSI remain neutral-to-bearish signalling sideways-to-lower prices are possible near-term. If it extends the decline off February's high, the 38% retracement level of the 2008-2011rally crossing is the next downside target. Closes above the 20 day moving average crossing are needed to confirm that a short-term low has been posted.
 Silver Technical Analysis
Silver closed higher on Thursday and the high-range close set the stage for a steady-to-higher opening on Friday. Stochastics and the RSI remain neutral-to-bearish signalling that sideways-to-lower prices are possible near-term. If it extends the decline off February's high, December's low crossing is the next downside target. Closes above the 20 day moving average crossing are needed to confirm that a low has been posted.
 Crude Oil Technical Analysis
Crude oil 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 bearish signalling that sideways-to-lower prices are possible near-term. If June extends this month's decline, the 62% retracement level of the 2011-2012rally crossing is the next downside target. Closes above the 20 day moving average crossing are needed to confirm that a low has been posted.
 Natural Gas Technical Analysis
Natural gas closed higher on Thursday. The high-range close sets the stage for a steady-to-higher 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 last week's low, the 25% retracement level of the 2011-2012 decline crossing is the next upside target. Closes below the 20 day moving average crossing would signal that a short-term top has been posted.
 Coffee Technical Analysis
The coffee futures market closed higher due to short covering on Thursday. The mid-range close sets the stage for a steady opening on Friday. Stochastics and the RSI are bullish signalling that sideways-to-higher prices are possible near-term. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted. If it extends the decline off January's high, weekly support crossing is the next downside target.
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.
PipTrade >>
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Commodities Analysis - 17 May 2012
Gold Technical Analysis
Gold closed lower on Wednesday and the mid-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI are bearish signalling sideways-to-lower prices are possible near-term. If it renews the decline off February's high, the 75% retracement level of the December-February rally crossing is the next downside target. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted.
Silver Technical Analysis
Silver closed lower on Wednesday and the low-range close sets the stage for a steady-to-lower opening on Thursday. Stochastics and the RSI are bearish signalling that sideways-to-lower prices are possible near-term. If it extends the decline off February's high, the 75% retracement level of the December-February rally crossing is the next downside target. Closes above the 20 day moving average crossing are needed to confirm that a low has been posted.
Crude Oil Technical Analysis
Crude oil closed lower on Wednesday and the low-range close sets the stage for a steady-to-lower opening on Thursday. Stochastics and the RSI remain neutral-to-bearish signalling that additional weakness is possible near-term. If it extends the decline off March's high, the 50% retracement level of the October-March rally crossing is the next downside target. Closes above the 20 day moving average crossing would signal that a short-term low has been posted.
Natural Gas Technical Analysis
Natural gas closed higher on Wednesday and the high-range close sets the stage for a steady-to-higher opening on Thursday. Stochastics and the RSI remain neutral-to-bullish signalling that additional gains are possible near-term. If it extends the rally off April's low, the reaction high crossing is the next upside target. Closes below the 20 day moving average crossing would temper the near-term friendly outlook. If it renews the multiyear decline, monthly support crossing is the next downside target.
Coffee Technical Analysis
The coffee futures market closed lower on Wednesday and the low-range close sets the stage for a steady-to-lower opening on Thursday. Stochastics and the RSI are bearish signalling that sideways-to-lower prices are possible near-term. If it extends the decline off January's high, weekly support crossing is the next downside target. Closes above the reaction high crossing are needed to confirm that a short-term low 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.
PipTrade >>
"With PipTrade you get all the normal
advantages of Spread Trading plus..." >> read
PipTrade review.
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Commodities Analysis - 16 May 2012
Gold Technical Analysis
Gold closed lower on Tuesday and the low-range close sets the stage for a steady-to-lower opening on Wednesday. Stochastics and the RSI are bearish signalling sideways-to-lower prices are possible near-term. If it renews the decline off February's high, the 75% retracement level of the December-February rally crossing is the next downside target. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted.
Silver Technical Analysis
Silver closed lower on Tuesday and the low-range close sets the stage for a steady-to-lower opening on Wednesday. Stochastics and the RSI are bearish signalling that sideways-to-lower prices are possible near-term. If it extends the decline off February's high, the 75% retracement level of the December-February rally crossing is the next downside target. Closes above the 20 day moving average crossing are needed to confirm that a low has been posted.
Crude Oil Technical Analysis
Crude oil closed lower on Tuesday and the low-range close sets the stage for a steady-to-lower opening on Wednesday. Stochastics and the RSI remain neutral-to-bearish signalling that additional weakness is possible near-term. If it extends the decline off March's high, the 50% retracement level of the October-March rally crossing is the next downside target. Closes above the 20 day moving average crossing would signal that a short-term low has been posted.
Natural Gas Technical Analysis
Natural gas closed higher on Tuesday and the high-range close sets the stage for a steady-to-higher opening on Wednesday. Stochastics and the RSI remain neutral-to-bullish signalling that additional gains are possible near-term. If it extends the rally off April's low, the reaction high crossing is the next upside target. Closes below the 20 day moving average crossing would temper the near-term friendly outlook. If it renews the multiyear decline, monthly support crossing is the next downside target.
Coffee Technical Analysis
The coffee futures market closed lower on Tuesday and the low-range close sets the stage for a steady-to-lower opening on Wednesday. Stochastics and the RSI are bearish signalling that sideways-to-lower prices are possible near-term. If it extends the decline off January's high, weekly support crossing is the next downside target. Closes above the reaction high crossing are needed to confirm that a short-term low 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.
PipTrade >>
"With PipTrade you get all the normal
advantages of Spread Trading plus..." >> read
PipTrade 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 Market Analysis' edited by PipTrade, updated 18-May-12
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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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