The technical analysis, that includes the indicator data and major pivot points for WTI Oil, Gold, Silver, Copper, and Natural Gas in continuous charts as of August 16th, 2020: Crude Oil Indicators Moving Averages RSI Parabolic SAR CCI Long Neutral Long Neutral Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 40.00 40.74 41.45 42.19 42.90 43.64 44.35 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 40.73 41.44 42.18 42.89 43.63 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res 41.36 41.76 41.89 42.03 42.29 42.43 42.56 42.96 Fibonacci retracement levels 0.0% 23.6% 38.2% 50.0% 61.8% 100.0% 41.48 41.82 42.03 42.21 42.38 42.93 Gold Indicators Moving Averages RSI Parabolic SAR CCI Long Neutral Short Neutral Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1667.15 1764.98 1854.10 1951.93 2041.05 2138.88 2228.00 Woodie’… [Read More...]
Commodities Technical Analysis, August 10th — August 14th
The technical analysis, that includes the indicator data and major pivot points for WTI Oil, Gold, Silver, Copper, and Natural Gas in continuous charts as of August 9th, 2020: Crude Oil Indicators Moving Averages RSI Parabolic SAR CCI Long Neutral Long Neutral Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 35.63 37.60 39.56 41.53 43.49 45.46 47.42 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 37.60 39.56 41.53 43.49 45.46 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res 39.36 40.44 40.80 41.16 41.88 42.24 42.60 43.68 Fibonacci retracement levels 0.0% 23.6% 38.2% 50.0% 61.8% 100.0% 39.57 40.50 41.07 41.54 42.00 43.50 Gold Indicators Moving Averages RSI Parabolic SAR CCI Long Overbought Long Long Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1854.64 1907.50 1969.17 2022.03 2083.70 2136.56 2198.23 Woodie’… [Read More...]
Bitcoin Booms to $11,400 After 12% Daily Gains
After weeks of relative inactivity, Bitcoin price volatility has returned with a vengeance today, first pushing through and holding the $10,000 mark before smashing $10,500 and even the $11,000 mark. It has met more resistance at $11,450, where it has previously fallen on several occasions but any further bullish momentum could carry it past this level. The next major resistance milestone lies at $14,500. This is also the target for a weekly bullish flag that Bitcoin has broken. Some analysts are pointing to $15,000 as their next target, but some are more cautious, with one prominent trader suggesting that his consortium still expects the digital currency to end the year at $7,000. The options market suggests there is just a 7% chance that BTC will reach an … [Read More...]
Commodities Technical Analysis, July 20th — July 24th
The technical analysis, that includes the indicator data and major pivot points for WTI Oil, Gold, Silver, Copper, and Natural Gas in continuous charts as of July 19th, 2020: Crude Oil Indicators Moving Averages RSI Parabolic SAR CCI Long Neutral Long Neutral Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 37.29 38.18 39.46 40.35 41.63 42.52 43.80 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 38.28 39.66 40.45 41.83 42.62 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res 39.55 40.14 40.34 40.54 40.94 41.14 41.34 41.93 Fibonacci retracement levels 0.0% 23.6% 38.2% 50.0% 61.8% 100.0% 39.07 39.58 39.90 40.16 40.41 41.24 Gold Indicators Moving Averages RSI Parabolic SAR CCI Long Neutral Long Neutral Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1770.99 1780.65 1795.59 1805.25 1820.19 1829.85 1844.79 Woodie’… [Read More...]
Commodities Technical Analysis, May 25th — May 29th
The technical analysis, that includes the indicator data and major pivot points for WTI Oil, Gold, Silver, Copper, and Natural Gas in continuous charts as of May 24th, 2020: Crude Oil Indicators Moving Averages RSI Parabolic SAR CCI Long Neutral Long Neutral Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 26.82 28.61 31.03 32.82 35.24 37.03 39.45 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 28.77 31.34 32.98 35.55 37.19 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res 31.12 32.28 32.67 33.05 33.83 34.21 34.60 35.76 Fibonacci retracement levels 0.0% 23.6% 38.2% 50.0% 61.8% 100.0% 30.41 31.40 32.02 32.52 33.01 34.62 Gold Indicators Moving Averages RSI Parabolic SAR CCI Long Neutral Long Neutral Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1665.06 1691.00 1713.08 1739.02 1761.10 1787.04 1809.12 Woodie’… [Read More...]
Commodities Technical Analysis, May 18th — May 22nd
The technical analysis, that includes the indicator data and major pivot points for WTI Oil, Gold, Silver, Copper, and Natural Gas in continuous charts as of May 17th, 2020: Crude Oil Indicators Moving Averages RSI Parabolic SAR CCI Long Neutral Long Long Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 19.35 21.51 25.56 27.72 31.77 33.93 37.98 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 21.98 26.51 28.19 32.72 34.40 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res 26.19 27.90 28.47 29.04 30.18 30.75 31.32 33.03 Fibonacci retracement levels 0.0% 23.6% 38.2% 50.0% 61.8% 100.0% 23.67 25.14 26.04 26.78 27.51 29.88 Gold Indicators Moving Averages RSI Parabolic SAR CCI Long Neutral Long Long Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1646.59 1669.11 1706.47 1728.99 1766.35 1788.87 1826.23 Woodie’… [Read More...]
Symmetrical Triangle Pattern on Daily Chart of Gold as of 2020-05-10
Gold was rising since the middle of March on the back of the coronavirus fears but has paused its rally in the middle of April and was moving in a range since then. As a result of the consolidation, a symmetrical triangle pattern has formed on the daily chart of gold. It is a continuation pattern, meaning that the commodity is more likely to resume its previous movement than to reverse it. It is in line with the outlook of many market analysts, who believe that safe-haven demand will continue to support gold, even though the precious metal had troubles profiting from risk aversion lately. On the present chart, the yellow lines show the symmetrical triangle itself. The cyan line is situated at 10% of the … [Read More...]
Commodities Technical Analysis, May 11th — May 15th
The technical analysis, that includes the indicator data and major pivot points for WTI Oil, Gold, Silver, Copper, and Natural Gas in continuous charts as of May 10th, 2020: Crude Oil Indicators Moving Averages RSI Parabolic SAR CCI Short Neutral Long Long Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 10.83 14.43 19.51 23.11 28.19 31.79 36.87 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 14.80 20.25 23.48 28.93 32.16 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res 19.82 22.20 23.00 23.79 25.39 26.18 26.98 29.36 Fibonacci retracement levels 0.0% 23.6% 38.2% 50.0% 61.8% 100.0% 18.03 20.08 21.35 22.37 23.39 26.71 Gold Indicators Moving Averages RSI Parabolic SAR CCI Long Neutral Short Neutral Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1642.28 1661.79 1684.32 1703.83 1726.36 1745.87 1768.40 Woodie’… [Read More...]
Commodities Technical Analysis, May 4th — May 8th
The technical analysis, that includes the indicator data and major pivot points for WTI Oil, Gold, Silver, Copper, and Natural Gas in continuous charts as of May 3rd, 2020: Crude Oil Indicators Moving Averages RSI Parabolic SAR CCI Short Neutral Long Neutral Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 2.75 6.40 13.08 16.73 23.41 27.06 33.74 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 7.16 14.59 17.49 24.92 27.82 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res 14.07 16.91 17.86 18.80 20.70 21.64 22.59 25.43 Fibonacci retracement levels 0.0% 23.6% 38.2% 50.0% 61.8% 100.0% 10.06 12.50 14.01 15.23 16.44 20.39 Gold Indicators Moving Averages RSI Parabolic SAR CCI Long Neutral Short Neutral Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1617.83 1643.94 1671.48 1697.59 1725.13 1751.24 1778.78 Woodie’… [Read More...]
Commodities Technical Analysis, April 27th — May 1st
The technical analysis, that includes the indicator data and major pivot points for WTI Oil, Gold, Silver, Copper, and Natural Gas in continuous charts as of April 26th, 2020: Crude Oil Indicators Moving Averages RSI Parabolic SAR CCI Short Neutral Short Neutral Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res -9.59 -1.53 7.76 15.82 25.11 33.17 42.46 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res -1.22 8.37 16.13 25.72 33.48 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res 7.50 12.27 13.86 15.45 18.63 20.22 21.81 26.58 Fibonacci retracement levels 0.0% 23.6% 38.2% 50.0% 61.8% 100.0% 6.54 10.63 13.17 15.22 17.26 23.89 Gold Indicators Moving Averages RSI Parabolic SAR CCI Long Neutral Short Long Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1599.62 1629.53 1678.85 1708.76 1758.08 1787.99 1837.31 Woodie’… [Read More...]
Commodities Technical Analysis, April 20th — April 24th
The technical analysis, that includes the indicator data and major pivot points for WTI Oil, Gold, Silver, Copper, and Natural Gas in continuous charts as of April 19th, 2020: Crude Oil Indicators Moving Averages RSI Parabolic SAR CCI Short Neutral Short Neutral Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 13.09 16.14 20.66 23.71 28.23 31.28 35.80 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 16.51 21.40 24.08 28.97 31.65 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res 21.02 23.10 23.79 24.49 25.87 26.57 27.26 29.34 Fibonacci retracement levels 0.0% 23.6% 38.2% 50.0% 61.8% 100.0% 19.19 20.98 22.08 22.98 23.87 26.76 Gold Indicators Moving Averages RSI Parabolic SAR CCI Long Neutral Long Neutral Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1590.17 1634.28 1658.94 1703.05 1727.71 1771.82 1796.48 Woodie’… [Read More...]
Commodities Technical Analysis, April 13th — April 17th
The technical analysis, that includes the indicator data and major pivot points for WTI Oil, Gold, Silver, Copper, and Natural Gas in continuous charts as of April 12th, 2020: Crude Oil Indicators Moving Averages RSI Parabolic SAR CCI Short Neutral Long Neutral Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 15.23 18.90 21.00 24.67 26.77 30.44 32.54 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 18.51 20.23 24.28 26.00 30.05 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res 19.94 21.52 22.05 22.58 23.64 24.17 24.70 26.28 Fibonacci retracement levels 0.0% 23.6% 38.2% 50.0% 61.8% 100.0% 22.56 23.92 24.76 25.45 26.13 28.33 Gold Indicators Moving Averages RSI Parabolic SAR CCI Long Neutral Long Long Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1554.46 1584.82 1634.18 1664.54 1713.90 1744.26 1793.62 Woodie’… [Read More...]
Commodities Technical Analysis, April 6th — April 10th
The technical analysis, that includes the indicator data and major pivot points for WTI Oil, Gold, Silver, Copper, and Natural Gas in continuous charts as of April 5th, 2020: Crude Oil Indicators Moving Averages RSI Parabolic SAR CCI Short Neutral Long Long Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 12.36 15.81 22.15 25.60 31.94 35.39 41.73 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 16.53 23.60 26.32 33.39 36.11 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res 23.11 25.80 26.70 27.59 29.39 30.28 31.18 33.87 Fibonacci retracement levels 0.0% 23.6% 38.2% 50.0% 61.8% 100.0% 19.26 21.57 23.00 24.16 25.31 29.05 Gold Indicators Moving Averages RSI Parabolic SAR CCI Long Neutral Long Neutral Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1524.98 1546.46 1584.22 1605.70 1643.46 1664.94 1702.70 Woodie’… [Read More...]
Descending Triangle Pattern on Daily Chart of WTI Crude Oil as of 2020-03-29
Prices for crude oil were in a sharp downtrend lately, and traders were wondering whether they will continue moving lower or maybe the commodity has found a bottom. The descending triangle pattern that has formed on the daily chart of WTI crude suggests that the downward movement will continue. Such pattern forms when highs on a chart are lower while lows are relatively flat. Being a continuation chart pattern, it suggests that the downward trend will remain in place or become even stronger. On the present chart, the yellow lines show the descending triangle itself. The cyan line is drawn 10% of the triangle’s height below the lower border of the triangle and offers an entry point for traders willing to place bearish bets in case … [Read More...]
Ascending Triangle Pattern on 4-Hour Chart of Gold as of 2020-03-29
An ascending triangle pattern has formed on the 4-hour chart of gold. Essentially, it is opposite to the descending triangle pattern that has formed on the chart of crude oil. The ascending triangle pattern forms when swing highs are about flat while lows are ascending. It suggests that prices will extend the previous upward movement. On the present chart, the yellow lines show the ascending triangle itself. The cyan line is drawn at 10% of the triangle’s height above the upper border of the pattern and offers an entry point for long positions in case of an upside breakout. The green line is situated at the triangle’s height above the pattern and suggests a profit-taking objective. You can click on the image to see … [Read More...]
Commodities Technical Analysis, March 30th — April 3rd
The technical analysis, that includes the indicator data and major pivot points for WTI Oil, Gold, Silver, Copper, and Natural Gas in continuous charts as of March 29th, 2020: Crude Oil Indicators Moving Averages RSI Parabolic SAR CCI Short Oversold Short Neutral Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 15.53 18.20 19.86 22.53 24.19 26.86 28.52 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 17.95 19.37 22.28 23.70 26.61 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res 19.15 20.34 20.74 21.13 21.93 22.32 22.72 23.91 Fibonacci retracement levels 0.0% 23.6% 38.2% 50.0% 61.8% 100.0% 20.86 21.88 22.51 23.03 23.54 25.19 Gold Indicators Moving Averages RSI Parabolic SAR CCI Short Neutral Long Long Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1362.08 1423.51 1521.59 1583.02 1681.10 1742.53 1840.61 Woodie’… [Read More...]
Commodities Technical Analysis, March 23rd — March 27th
The technical analysis, that includes the indicator data and major pivot points for WTI Oil, Gold, Silver, Copper, and Natural Gas in continuous charts as of March 22nd, 2020: Crude Oil Indicators Moving Averages RSI Parabolic SAR CCI Short Oversold Long Short Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 7.41 13.73 18.73 25.05 30.05 36.37 41.37 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 13.40 18.08 24.72 29.40 36.04 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res 17.51 20.63 21.66 22.70 24.78 25.82 26.85 29.97 Fibonacci retracement levels 0.0% 23.6% 38.2% 50.0% 61.8% 100.0% 20.04 22.71 24.36 25.70 27.04 31.36 Gold Indicators Moving Averages RSI Parabolic SAR CCI Short Neutral Short Neutral Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1339.71 1395.42 1442.43 1498.14 1545.15 1600.86 1647.87 Woodie’… [Read More...]
Coronavirus Continues to Wreak Havoc on Cryptocurrency Market
All cryptocurrencies in the top 100 are showing red this morning, with the exception of stable coins tethered to the Euro. The loss comes as a result of the continued spread of the coronavirus Covid-19 and despite the US Federal Reserve announcing a $700 billion plan to support the economy. Investors are worried that the Reserve has no more moves to make when the virus worsens. The coronavirus Covid-19 continues to dominate headlines and determine market movements. More than 160,000 cases have been reported around the world with more than 6,500 deaths now confirmed. Recent figures also show that there are more cases outside China than inside the country, for the first time since the outbreak began. Italy has seen more than 25,000 confirmed cases and 1,800 deaths while Iran has nearly 14,000 … [Read More...]
Commodities Technical Analysis, March 16th — March 20th
The technical analysis, that includes the indicator data and major pivot points for WTI Oil, Gold, Silver, Copper, and Natural Gas in continuous charts as of March 15th, 2020: Crude Oil Indicators Moving Averages RSI Parabolic SAR CCI Short Neutral Short Neutral Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 19.27 23.30 28.20 32.23 37.13 41.16 46.06 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 23.52 28.64 32.45 37.57 41.38 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res 28.19 30.64 31.46 32.28 33.92 34.74 35.56 38.01 Fibonacci retracement levels 0.0% 23.6% 38.2% 50.0% 61.8% 100.0% 27.33 29.44 30.74 31.80 32.85 36.26 Gold Indicators Moving Averages RSI Parabolic SAR CCI Long Neutral Short Short Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1274.32 1389.45 1455.47 1570.60 1636.62 1751.75 1817.77 Woodie’… [Read More...]
Commodities Technical Analysis, March 9th — March 13th
The technical analysis, that includes the indicator data and major pivot points for WTI Oil, Gold, Silver, Copper, and Natural Gas in continuous charts as of March 8th, 2020: Crude Oil Indicators Moving Averages RSI Parabolic SAR CCI Short Oversold Short Short Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 31.31 36.18 38.90 43.77 46.49 51.36 54.08 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 35.64 37.83 43.23 45.42 50.82 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res 37.45 39.53 40.23 40.92 42.32 43.01 43.71 45.79 Fibonacci retracement levels 0.0% 23.6% 38.2% 50.0% 61.8% 100.0% 41.05 42.84 43.95 44.85 45.74 48.64 Gold Indicators Moving Averages RSI Parabolic SAR CCI Long Neutral Long Long Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1499.88 1541.92 1607.94 1649.98 1716.00 1758.04 1824.06 Woodie’… [Read More...]
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