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

January 20, 2017
The dollar has settled moderately lower
Asian stock markets were mixed overnight, after U.S. and European shares closed in the red Thursday. Japan and mainland China bourses managed to move higher (Chinese GDP beat expectations at 6.8%)...
January 20, 2017
A huge disappointment in the UK data
UK retail sales fell most since 2012. We see he fastest pace of decline in almost five years in December. It is due to sales of... pretty much everything from household goods to clothing and food...
January 20, 2017
Trump takes office today. Markets await inauguration speech
Investors await Trump's inauguration and speech due later today as he takes office as the 45th President of the United States. The U.S. dollar was seen giving up some of the gains yesterday with some volatility coming off the EURUSD on the back of the ECB meeting...

Fort Financial Services Rating
FIBO Group Rating
Z.com Trade Rating
Larson&Holz IT Ltd Rating
Tickmill Rating
FXCM Rating

Binary.com Rating
EZTrader Rating
GTOptions Rating
OptionTrade Rating
OptionBit Rating
OptionFair Rating