Commodities Pivot Points and Technical Analysis 19/12/2014

December 19, 2014

Gold - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 1199.10$ with targets at 1184.20$ next 1173.60$ in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1199.10$ with targets at 1209.60$ next 1224.50$ in extension.

Gold - Daily Chart Support and Resistance levels

Resistance: 1221.00, 1240.00, 1256.20, 1277.00 
Support: 1180.00, 1160.00, 1140.00

Crude Oil - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 55.90$ with targets at 52.75$ next 51.10$ in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 55.90$ with targets at 57.50$ next 60.65$ in extension.

Crude Oil - Daily Chart Support and Resistance levels

Resistance: 63.70, 64.20, 68.25, 70.00, 73.20, 75.95
Support: 53.70, 53.20, 52.80

Silver - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 15.95$ with targets at 15.70$ next 15.45$ in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 15.95$ with targets at 16.20$ next 16.45$ in extension.

Silver - Daily Chart Support and Resistance levels

Resistance: 16.50, 16.80, 17.40, 17.50, 17.80
Support: 15.50, 15.00, 14.15

Commodities Pivot Points:

Pivot points are very useful tools for commodities professional traders that use the previous bars' highs, lows and closings to project potential support and resistance levels for future bars.

Publication source
STOCK.com information  STOCK.com reviews

December 8, 2016
U.S. equities post a new record high. Euro looks to ECB meeting
U.S. equities edged higher to post new highs in yesterday's trading marking one of the strongest one day gains since the November elections. The DJIA gained 1.6% while the S&P500 closed with 1.3% gains...
December 8, 2016
US equities jump sharply
US markets saw a massive rise today as the Dow was up 300 points and the S&P 500 was up 29 points showcasing that investors believe the advent of Trump will have a positive effect on the US economy.
December 7, 2016
GBP falls as industrial & manu. production miss
The pound has come under pressure in London trading today. EURGBP buying has been a driver, with the cross rallying some 0.5% to a peak of 0.8510, since ebbing to around 0.8490. Gains failed to sustain above the 20-day moving average, which is at 0.8503...

Orbex Rating
Vantage FX Rating
Larson&Holz IT Ltd Rating
XTB Rating
Trade360 Rating
Fort Financial Services Rating

Grand Option Rating
Banc De Binary Rating
OptionRally Rating
IQ Option Rating
TopOption Rating
Porter Finance Rating