Archive for February 6th, 2010
Technical Analysis, February 8th — February 12th, 2010
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 February 6th 2010:
| Indicators | ||||
|---|---|---|---|---|
| Moving Averages | RSI | Parabolic SAR | CCI | |
| Oil | Short | Neutral | Short | Short |
| Gold | Short | Neutral | Short | Short |
| Silver | Short | Oversold | Short | Short |
| Copper | Short | Oversold | Short | Short |
| Floor Pivot Points | |||||||
|---|---|---|---|---|---|---|---|
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res | |
| Oil | 56.90 | 62.49 | 65.75 | 71.34 | 74.60 | 80.19 | 83.45 |
| Gold | 942.48 | 993.32 | 1023.08 | 1073.92 | 1103.68 | 1154.52 | 1184.28 |
| Silver | 11.72 | 13.18 | 14.01 | 15.47 | 16.30 | 17.76 | 18.59 |
| Copper | 5332 | 5779 | 6054 | 6501 | 6776 | 7223 | 7498 |
| Woodie’s Pivot Points | |||||
|---|---|---|---|---|---|
| 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | |
| Oil | 61.91 | 64.59 | 70.76 | 73.44 | 79.61 |
| Gold | 988.05 | 1012.55 | 1068.65 | 1093.15 | 1149.25 |
| Silver | 13.02 | 13.70 | 15.31 | 15.99 | 17.60 |
| Copper | 5736 | 5969 | 6458 | 6691 | 7180 |
| Camarilla Pivot Points | ||||||||
|---|---|---|---|---|---|---|---|---|
| 4th Sup | 3rd Sup | 2nd Sup | 1st Sup | 1st Res | 2nd Res | 3rd Res | 4th Res | |
| Oil | 64.14 | 66.58 | 67.39 | 68.20 | 69.82 | 70.63 | 71.44 | 73.88 |
| Gold | 1008.52 | 1030.69 | 1038.07 | 1045.46 | 1060.24 | 1067.63 | 1075.02 | 1097.18 |
| Silver | 13.58 | 14.21 | 14.42 | 14.63 | 15.05 | 15.26 | 15.47 | 16.10 |
| Copper | 5933 | 6131 | 6198 | 6264 | 6396 | 6462 | 6529 | 6727 |
| Fibonacci Retracement Levels | ||||
|---|---|---|---|---|
| Oil | Gold | Silver | Copper | |
| 100.0% | 76.93 | 1124.75 | 16.93 | 6947 |
| 61.8% | 73.55 | 1093.96 | 16.06 | 6671 |
| 50.0% | 72.51 | 1084.45 | 15.79 | 6586 |
| 38.2% | 71.46 | 1074.94 | 15.51 | 6501 |
| 23.6% | 70.17 | 1063.17 | 15.18 | 6395 |
| 0.0% | 68.08 | 1044.15 | 14.64 | 6225 |
Cotton Falls with Waning Demand, Wheat Drops on High Prices
Cotton price touched the lowest level since November as the stronger dollar curbed the demand for the commodity as an alternative investment. The greenback reached the highest level versus basket of six major currencies since July. Price also rose as declining equities caused concern that the economic rebound may be slow. March cotton delivery slid $0.0159 (2.3 percent) to $0.674 per pound at 11:55 a.m. on ICE Futures U.S. in New York.
Wheat prices went down in Chicago as oversees buyers moved to cheaper supplies. U.S. grain was considered overpriced as wheat from Russia, France and Kazakhstan was sold to Egypt for $174.90 per metric ton, while U.S. wheat was priced at $184.91 per ton. March futures for wheat delivery dropped $0.025 (0.5 percent) to $4.7325 per bushel on CBoT.
