Daily technical analysis for Gold, Crude Oil and Silver, main support and resistance levels and intra-day trading strategies based on same day Pivot Points.
Gold – Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point 1205.40$ with targets at 1217.30$ next 1226.90$ in extension.
Alternatively, Bearish scenario: Short positions below the daily pivot point 1205.40$ with targets at 1195.80$ next 1183.90$ in extension.
Gold – Daily Chart Support and Resistance levels
Resistance: 1220.40, 1235.50, 1255.60
Support: 1200.00, 1180.00, 1140.00, 1130.00, 1120.00
Crude Oil – Day Trading Strategies
Bearish scenario: Short positions below the daily pivot point 67.40$ with targets at 65.30$ next 61.60$ in extension.
Alternatively, Bullish scenario: Long positions above the daily pivot point 67.40$ with targets at 71.10$ next 73.25$ in extension.
Crude Oil – Daily Chart Support and Resistance levels
Resistance: 70.00, 73.20, 75.95, 78.00, 80.00, 82.90
Support: 63.70, 62.00, 60.00, 59.50, 58.00
Silver – Day Trading Strategies
Bearish scenario: Short positions below the daily pivot point 16.45$ with targets at 16.20$ next 15.85$ in extension.
Alternatively, Bullish scenario: Long positions above the daily pivot point 16.45$ with targets at 16.20$ next 15.85$ in extension.
Silver – Daily Chart Support and Resistance levels
Resistance: 16.70, 17.40, 17.70
Support: 16.00, 15.50, 15.00, 14.80, 14.00, 13.70, 13.00
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.
I’m amazed, I must say. Seldom do I come across a blog that’s
both equally educative and engaging, and let me tell you, you’ve hit the nail on the
head. The issue is something that too few men and women are speaking
intelligently about. I am very happy that I came across this in my search for something concerning this.
Hey there, I think your site might be having browser compatibility issues.
When I look at your blog in Firefox, it looks fine but
when opening in Internet Explorer, it has some overlapping.
I just wanted to give you a quick heads up! Other then that,
terrific blog!
Its like you read my mind! You appear to know a lot about this, like you wrote
the book in it or something. I think that you can do with some pics to drive the message home a bit, but
instead of that, this is wonderful blog. An excellent read.
I’ll certainly be back.
For hottest information you have to visit web and on the web
I found this web page as a most excellent site for hottest updates.
If you want to increase your knowledge just keep visiting this
site and be updated with the newest news posted here.