Commodities Pivot Points and Technical Analysis 11/02/2015

February 11, 2015

Gold - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 1236.25$ with targets at 1226.60$ next 1220.95$ in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1236.25$ with targets at 1241.90$ next 1251.55$ in extension.

Gold - Daily Chart Support and Resistance levels

Resistance: 1252.00, 1260.0, 1285.60, 1308.00, 1320.00
Support: 1220.00, 1204.00, 1200.00, 1180.00

Crude Oil - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 50.85$ with targets at 51.85$ next 53.65$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 50.85$ with targets at 49.05$ next 48.05$ in extension.

Crude Oil - Daily Chart Support and Resistance levels

Resistance: 54.00, 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 16.90$ with targets at 17.10$ next 17.40$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 16.90$ with targets at 16.65$ next 16.45$ 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 23, 2017
The Week ahead: Politics to take center stage
Donald Trump is finally in power, a new era has arrived, and his policy plans in the first couple of weeks will override fundamentals. Markets spent more than two months pricing in growth policies promises, lowers corporate taxes, and deregulations, now it is time to deliver as markets will no more move on words but actions...
January 23, 2017
Dollar opens weak as markets cautious on the new Trump administration
The U.S. dollar continued to extend the declines for what could a third consecutive day. On Friday, Donald Trump took office as the 45th President of the United States...
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%)...

FIBO Group Rating
Trade360 Rating
FXCM Rating
XM Rating
OctaFX Rating
Vantage FX Rating

First Binary Option Service Rating
GTOptions Rating
Migesco Rating
IQ Option Rating
Beeoptions Rating
Dragon Options Rating