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Daily Technical Commodities Analysis

ByTechnical Trading
Published 10/26/2011, 10:25 AM
Updated 03/09/2019, 08:30 AM
GC
-0.15%
SI
-0.59%
Light Crude

Support (daily close): 39.36, 34.88, 31.28, 23.17, 19.57, 15.10, 11.70, 9.64, 8.11 and 6.98(published on December 07, 2008).

Resistance(daily close): 95.73, 98.21, 99.45, 101.48 and 102.27 (published on October 30, 2007). Next levels 103.73, 105.32, 106.54, 109.35, 112.56 and 117.28. Then follow 121.50, 124.03 and 126.56(added on February 29, 2008). Continuation will bring 132.73, 135.08, 139.92, 141.46 and 144.00( added on May 12, 2008).

Next levels : 149.06, 151.88, 154.13, 157.36, 159.46, 162.00, 169.87 and 172.13(added on July 04, 2008).

GOLD

Support: - 1687.50 and 1659.38(main). Break of the latter will give 1630.27, where a correction is possible. Then 1622.23, where a correction is also possible. Be there a strong impulse, we would see 1609.80. Continuation wil give 1597.50.

Resistance: - 1716.40 and 1723.17(main), where a correction may happen. Break would bring 16731.52, where a correction may also happen. Then follows 1743.70. Be there a strong impulse, we’d see 1755.03. Continuation would bring 1770.87.

SILVER

Support: - 32.37 and 31.82(main).where correction is possible. Break of the latter would give 31.63, where correction may happen. Then goes 31.34. If a strong impulse, we would see 31.11. Continuation would give 30.78.

Resistance : - 33.41(main), where correction is possible. Break will lead 33.76, where again may be a correction. Then follows 34.18. If a strong impulse, we would have 34.43. Continuation would give 34.67 and 34.94.

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