Archive for February 13th, 2010
Technical Analysis, February 15th — February 19th, 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 13th 2010:
| Indicators | ||||
|---|---|---|---|---|
| Moving Averages | RSI | Parabolic SAR | CCI | |
| Oil | Short | Neutral | Short | Neutral |
| Gold | Short | Neutral | Short | Neutral |
| Silver | Short | Neutral | Short | Neutral |
| Copper | Short | Neutral | Long | Neutral |
| Floor Pivot Points | |||||||
|---|---|---|---|---|---|---|---|
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res | |
| Oil | 64.71 | 66.99 | 69.84 | 72.12 | 74.97 | 77.25 | 80.10 |
| Gold | 1032.83 | 1047.11 | 1069.00 | 1083.28 | 1105.17 | 1119.45 | 1141.34 |
| Silver | 14.25 | 14.59 | 15.04 | 15.38 | 15.83 | 16.17 | 16.62 |
| Copper | 5805 | 6073 | 6431 | 6699 | 7057 | 7325 | 7683 |
| Woodie’s Pivot Points | |||||
|---|---|---|---|---|---|
| 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | |
| Oil | 67.13 | 70.14 | 72.26 | 75.27 | 77.39 |
| Gold | 1049.01 | 1072.82 | 1085.18 | 1108.99 | 1121.35 |
| Silver | 14.62 | 15.10 | 15.41 | 15.89 | 16.20 |
| Copper | 6096 | 6477 | 6722 | 7103 | 7348 |
| Camarilla Pivot Points | ||||||||
|---|---|---|---|---|---|---|---|---|
| 4th Sup | 3rd Sup | 2nd Sup | 1st Sup | 1st Res | 2nd Res | 3rd Res | 4th Res | |
| Oil | 69.88 | 71.29 | 71.76 | 72.23 | 73.17 | 73.64 | 74.11 | 75.52 |
| Gold | 1071.01 | 1080.95 | 1084.27 | 1087.58 | 1094.22 | 1097.53 | 1100.85 | 1110.79 |
| Silver | 15.06 | 15.27 | 15.35 | 15.42 | 15.56 | 15.63 | 15.71 | 15.92 |
| Copper | 6446 | 6618 | 6675 | 6733 | 6847 | 6905 | 6962 | 7134 |
| Fibonacci Retracement Levels | ||||
|---|---|---|---|---|
| Oil | Gold | Silver | Copper | |
| 100.0% | 74.39 | 1097.55 | 15.72 | 6966 |
| 61.8% | 72.43 | 1083.73 | 15.42 | 6727 |
| 50.0% | 71.83 | 1079.47 | 15.33 | 6653 |
| 38.2% | 71.22 | 1075.20 | 15.23 | 6579 |
| 23.6% | 70.47 | 1069.92 | 15.12 | 6488 |
| 0.0% | 69.26 | 1061.38 | 14.93 | 6340 |
Cattle & Cocoa Decline on Stronger Dollar
Cattle futures slid today on signs that the stronger dollar will cut appeal of the U.S. beef. The dollar rose 0.9 percent against a basket of six major currencies to a record level since July. The rising dollar makes purchases of beef from the U.S. unprofitable for overseas traders. April futures for cattle delivery slid $0.003 (0.3 percent) to $0.9125 per pound by 12:06 on the Chicago Mercantile Exchange.
Cocoa prices dropped after the dollar rebounded versus the euro and equities declined, decreasing appeal of some commodities for investors as safe haven. The dollar jumped on speculation that a European Union plan to aid Greece avoid default will fall. Analysts say that downward trend for cocoa can be
