Commodities Pivot Points and Technical Analysis 06/02/2015

February 6, 2015

Gold - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 1267.60$ with targets at 1249.80$ next 1233.20$ in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1267.60$ with targets at 1284.20$ next 1302.00$ in extension.

Gold - Daily Chart Support and Resistance levels

Resistance: 1285.60, 1308.00, 1320.00, 1350.00
Support: 1240.00, 1220.00, 1204.00, 1200.00, 1180.00

Crude Oil - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 49.95$ with targets at 52.60$ next 54.70$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 49.95$ with targets at 47.85$ next 45.25$ in extension.

Crude Oil - Daily Chart Support and Resistance levels

Resistance: 55.00, 60.00
Support: 47.30, 45.00, 43.60, 43.20, 42.80

Silver - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 17.20$ with targets at 17.50$ next 17.80$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 17.20$ with targets at 16.90$ next 16.60$ in extension.

Silver - Daily Chart Support and Resistance levels

Resistance: 17.75, 18.50, 19.00, 19.50
Support: 16.50, 16.00, 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 17, 2017
Yen strengthens as markets jittery ahead of May's press conference
The U.S. dollar was trading weak yesterday in a holiday thin trading session. The Japanese yen strengthened strongly in the early hours today as investors turn cautious ahead of the British PM...
January 16, 2017
U.S. markets are closed Monday
U.S. markets are closed Monday for Martin Luther King Day. This will be a busy week for traders, with the inauguration of president-elect Trump on Friday headlining...
January 16, 2017
Busy start to the GBP with Carney speech
U.S. markets are closed today on account of Martin Luther King Day. Economic data is quiet ahead of another busy week. The Bank of England Governor, Mark Carney will be speaking later this afternoon and his comments come a day before the British PM Theresa May will be holding her press conference on Brexit...

EXNESS Rating
OctaFX Rating
Larson&Holz IT Ltd Rating
FOREX.com Rating
Vantage FX Rating
Z.com Trade Rating

OptionFair Rating
OptionsXO Rating
Anyoption Rating
Banc De Binary Rating
TopOption Rating
Grand Option Rating