Technical Analysis: Commodities – Nov 18
Technical Analysis for November 18, 2014
XAU/USD (GOLD) stucked in 1175- 1195 trading range and still moving sideways for now. A higher break to 1200 level will target 1205 next and bring the trend to a bull trend. A lower leg under 1170 level will target 1150 level next.
XAG/USD (SILVER) has went over 16.2 line and rebound to 16.09 level. A higher leg over 16.3 level will target 16.5 level and a break lower than 15.75 will target 15.3 next. Due to the increased volatility, a break will send the price to a new trend.
Crude Oil has rebounded some of their last movement but overall, the downtrend still intact. Crude Oil can’t break 76.5 resistance line and move in sideways for now. A break under 74.6 level will target 73 next.
Copper has broken the 3.06 line and it will target 3.1 next. A reversal under 3.02 will target 3 next and market will still in trading range around 3 – 3.08 level. No big movement expected in short term currently.
Risk Disclaimer
Forex and CFDs are leverage products, involved a high level of risk and can result in the loss of all your invested capital. Forex and CFDs may not be suitable for all investors. You should not risk more than you are prepared to lose. Before deciding to trade, you should ensure that you understand the risks involved and take into account your level of experience.
All information on this website, including any opinion, charts, prices, news, data, Buy/Sell signals, research and analysis is our point of view and is provided as general market commentary and does not constitute any investment advice.
OneStopBrokers.com will not accept any responsibility or liability for losses incurred by customers, visitors or traders as a result of using the data available on OneStopBrokers.com. Read more
