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European Commodities -- Technical Analysis

21 Mar 2018 7:06 am
 
   By TRADING Central 
   The Dow Jones Newswires technical analysis partner 
 
London (Dow Jones)--Rolling 24-hour chart levels: 
 
Futures:          ICE        NYMEX      COMEX     COMEX 
                  Brent      Crude      Gold      Silver 
                  ICE        WTI        CME       CME 
Spot 0757 GMT+2   67.42      63.54      1311.90   16.185 
1 Week Trend      Range      Range      Bullish   Range 
1 Month Trend     Bullish    Bullish    Bullish   Range 
3rd Resistance    69.25      65.10      1322.00   16.440 
2nd Resistance    68.70      64.75      1318.00   16.340 
1st Resistance    68.20      64.12      1315.00   16.270 
Pivot*            67.60      63.70      1312.23   16.205 
1st Support       66.80      62.50      1306.00   16.100 
2nd Support       66.40      62.03      1303.00   16.040 
3rd Support       65.80      61.45      1300.00   15.920 

Intraday Brent (ICE): the RSI is mixed to bullish. Suggest long positions above 66.80 with targets at 68.20 & 68.70 in extension. below 66.80 look for further downside with 66.40 & 65.80 as targets.

1 month trend: Bullish

Intraday Crude Oil (NYMEX): the RSI is mixed with a bullish bias. Suggest long positions above 62.50 with targets at 64.12 & 64.75 in extension. below 62.50 look for further downside with 62.03 & 61.45 as targets.

1 month trend: Bullish

Intraday Gold (COMEX): the RSI lacks upward momentum. Suggest short positions below 1315.00 with targets at 1306.00 & 1303.00 in extension. above 1315.00 look for further upside with 1318.00 & 1322.00 as targets.

1 month trend: Bullish

Intraday Silver (COMEX): the RSI lacks upward momentum. Suggest short positions below 16.27 with targets at 16.10 & 16.04 in extension. above 16.27 look for further upside with 16.34 & 16.44 as targets.

1 month trend: Range

* The pivot is the sum of the high, low and close divided by 3.
 

For more technical analysis see: Dow Jones Newswires, N/DJTA; Telerate, pages 4209,1108,4210,1105,5041,4142; Bloomberg, NI DJTA; and Reuters key word search "INSI-DJN"
 

This content was produced exclusively for Dow Jones by Trading Central, a leading investment research and commentary service specializing in technical analysis (www.tradingcentral.com).
 

This is a financial news and information service. It is provided in general terms and does not take account of or address any individual user's position. To the extent that this article includes suggestions as to various possible investment strategies which users might consider, it does so in only general terms without reference to the personal factors which should determine any user's investment decisions. Nothing contained in this service constitutes personalized investment advice. Dow Jones does not warrant the accuracy, completeness or timeliness of the information in this article, and any errors shall not be made the basis for any claim against Dow Jones. The author does not invest in the instruments or markets cited in this article. This article does not constitute or form part of any invitation or inducement to buy or sell any security.
 

(END) Dow Jones Newswires

March 21, 2018 03:06 ET (07:06 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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