Archive for July 17th, 2010
Technical Analysis, July 19th — July 23th, 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 July 17th 2010:
| Indicators | ||||
|---|---|---|---|---|
| Moving Averages | RSI | Parabolic SAR | CCI | |
| Oil | Short | Neutral | Long | Neutral |
| Gold | Short | Neutral | Short | Short |
| Silver | Neutral | Neutral | Long | Neutral |
| Copper | Short | Neutral | Long | Neutral |
| Floor Pivot Points | |||||||
|---|---|---|---|---|---|---|---|
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res | |
| Oil | 69.13 | 71.40 | 73.22 | 75.49 | 77.31 | 79.58 | 81.40 |
| Gold | 1146.17 | 1165.92 | 1178.14 | 1197.89 | 1210.11 | 1229.86 | 1242.08 |
| Silver | 16.75 | 17.24 | 17.53 | 18.02 | 18.31 | 18.80 | 19.09 |
| Copper | 6118 | 6297 | 6398 | 6577 | 6678 | 6857 | 6958 |
| Woodie’s Pivot Points | |||||
|---|---|---|---|---|---|
| 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | |
| Oil | 71.29 | 73.00 | 75.38 | 77.09 | 79.47 |
| Gold | 1164.04 | 1174.37 | 1196.01 | 1206.34 | 1227.98 |
| Silver | 17.19 | 17.44 | 17.97 | 18.22 | 18.75 |
| Copper | 6278 | 6358 | 6558 | 6638 | 6838 |
| Camarilla Pivot Points | ||||||||
|---|---|---|---|---|---|---|---|---|
| 4th Sup | 3rd Sup | 2nd Sup | 1st Sup | 1st Res | 2nd Res | 3rd Res | 4th Res | |
| Oil | 72.79 | 73.92 | 74.29 | 74.67 | 75.41 | 75.79 | 76.16 | 77.29 |
| Gold | 1172.77 | 1181.56 | 1184.49 | 1187.42 | 1193.28 | 1196.21 | 1199.14 | 1207.93 |
| Silver | 17.40 | 17.62 | 17.69 | 17.76 | 17.90 | 17.97 | 18.04 | 18.26 |
| Copper | 6344 | 6421 | 6447 | 6472 | 6524 | 6549 | 6575 | 6652 |
| Fibonacci Retracement Levels | ||||
|---|---|---|---|---|
| Oil | Gold | Silver | Copper | |
| 100.0% | 77.76 | 1217.65 | 18.50 | 6757 |
| 61.8% | 76.20 | 1205.44 | 18.20 | 6650 |
| 50.0% | 75.72 | 1201.67 | 18.11 | 6617 |
| 38.2% | 75.23 | 1197.89 | 18.02 | 6584 |
| 23.6% | 74.64 | 1193.22 | 17.90 | 6543 |
| 0.0% | 73.67 | 1185.68 | 17.72 | 6477 |
Cocoa Rises with Higher Demand, Hogs Gain with Lower Supply
Cocoa futures gained today after the report about increased demand in North America. The cocoa grind increased by 12 percent in the second quarter to 117,657 metric tons compared to the previous year. Analysts say that grinding numbers show strong demand and support prices. September delivery for cocoa rose $21 (0.7 percent) to $3,165 per ton on ICE.
Hogs futures went up today as hot weather in the U.S. causes decrease of animals’ weight, causing concern about declining pork supply. The animals tend to eat less with such jot weather, decreasing their weight. Hogs purchased yesterday by pork processors weighed 2 kilograms (4.44 pounds) compared to the same day in the previous month. October futures for hog settlement gained $0.00375 (0.5 percent) to $0.757 per pound on the CME.