Archive for October 25th, 2009

Commodity Technical Analysis, October 26th–October 30th, 2009

The technical analysis, that includes the indicators’ data and major pivot points for Brent Oil, Gold, Silver and Copper as traded on spot market as of October 25th 2009:

Indicators
Moving Averages RSI Parabolic SAR CCI
Oil Long Neutral Long Neutral
Gold Long Neutral Long Neutral
Silver Long Neutral Long Neutral
Copper Long Neutral Long Long

Floor Pivot Points
3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
Oil 72.18 74.13 76.36 78.31 80.54 82.49 84.72
Gold 1025.49 1036.46 1045.65 1056.62 1065.81 1076.78 1085.97
Silver 16.60 16.92 17.29 17.61 17.98 18.30 18.67
Copper 5762 5966 6306 6510 6850 7054 7394

Woodie’s Pivot Points
2nd Sup 1st Sup Pivot 1st Res 2nd Res
Oil 74.20 76.51 78.38 80.69 82.56
Gold 1036.02 1044.77 1056.18 1064.93 1076.34
Silver 16.93 17.32 17.62 18.01 18.31
Copper 6000 6374 6544 6918 7088

Camarilla Pivot Points
4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
Oil 76.30 77.45 77.83 78.22 78.98 79.37 79.75 80.90
Gold 1043.76 1049.31 1051.15 1053.00 1056.70 1058.55 1060.39 1065.94
Silver 17.28 17.47 17.53 17.60 17.72 17.79 17.85 18.04
Copper 6347 6496 6546 6596 6696 6746 6796 6945

Fibonacci Retracement Levels
Oil Gold Silver Copper
100.0% 80.25 1067.58 17.93 6714
61.8% 78.65 1059.88 17.67 6506
50.0% 78.16 1057.50 17.59 6442
38.2% 77.67 1055.12 17.50 6378
23.6% 77.06 1052.18 17.40 6298
0.0% 76.07 1047.42 17.24 6170

Wolfe Wave Bearish Chart Pattern on Silver

In the last 10 months on the weekly silver chart the bearish Wolf Wave pattern has formed. In case of the resistance level (yellow line at 15.76) breakout pattern will be confirmed and the withdrawal downward approximately along the line of the gray arrow may be possible. Click to enlarge the image to a full-size screenshot:

Silver, Weekly Timeframe, Bearish Wolfe Wave, 2009-10-25

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