Archive for November 7th, 2009
Sugar — Symmetrical Triangle Chart Pattern
On the daily chart of the February sugar futures a pattern has formed. It’s a symmetrical triangle with its base near the end of September and its apex near the beginning of December. The pattern signals about the trend’s consolidation trend near the price level of 23.00. A pattern breakout is possible in any direction, with a following strong, but
If you have any questions or comments regarding this chart pattern for the silver, please, feel free to reply below.
Commodity Technical Analysis, November 9th — November 13th, 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 November 7th 2009:
| Indicators | ||||
|---|---|---|---|---|
| Moving Averages | RSI | Parabolic SAR | CCI | |
| Oil | Long | Neutral | Short | Short |
| Gold | Long | Overbought | Long | Long |
| Silver | Long | Neutral | Long | Neutral |
| Copper | Long | Neutral | Short | Neutral |
| Floor Pivot Points | |||||||
|---|---|---|---|---|---|---|---|
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res | |
| Oil | 69.89 | 72.50 | 74.16 | 76.77 | 78.43 | 81.04 | 82.70 |
| Gold | 993.93 | 1016.51 | 1055.63 | 1078.21 | 1117.33 | 1139.91 | 1179.03 |
| Silver | 15.06 | 15.64 | 16.49 | 17.07 | 17.92 | 18.50 | 19.35 |
| Copper | 6103 | 6238 | 6366 | 6501 | 6629 | 6764 | 6892 |
| Woodie’s Pivot Points | |||||
|---|---|---|---|---|---|
| 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | |
| Oil | 72.26 | 73.68 | 76.53 | 77.95 | 80.80 |
| Gold | 1020.65 | 1063.89 | 1082.35 | 1125.59 | 1144.05 |
| Silver | 15.71 | 16.63 | 17.14 | 18.06 | 18.57 |
| Copper | 6236 | 6364 | 6499 | 6627 | 6762 |
| Camarilla Pivot Points | ||||||||
|---|---|---|---|---|---|---|---|---|
| 4th Sup | 3rd Sup | 2nd Sup | 1st Sup | 1st Res | 2nd Res | 3rd Res | 4th Res | |
| Oil | 73.46 | 74.64 | 75.03 | 75.42 | 76.20 | 76.59 | 76.98 | 78.16 |
| Gold | 1060.81 | 1077.77 | 1083.43 | 1089.08 | 1100.40 | 1106.05 | 1111.71 | 1128.68 |
| Silver | 16.55 | 16.95 | 17.08 | 17.21 | 17.47 | 17.60 | 17.73 | 18.13 |
| Copper | 6350 | 6423 | 6447 | 6471 | 6519 | 6543 | 6567 | 6640 |
| Fibonacci Retracement Levels | ||||
|---|---|---|---|---|
| Oil | Gold | Silver | Copper | |
| 100.0% | 79.39 | 1100.80 | 17.65 | 6635 |
| 61.8% | 77.76 | 1077.23 | 17.10 | 6535 |
| 50.0% | 77.26 | 1069.95 | 16.94 | 6504 |
| 38.2% | 76.75 | 1062.67 | 16.77 | 6472 |
| 23.6% | 76.13 | 1053.66 | 16.56 | 6434 |
| 0.0% | 75.12 | 1039.10 | 16.22 | 6372 |
If you have any questions or comments on this technical analysis, please, feel free to reply below.
