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Daily Technical Commodities Analysis

ByTechnical Trading
Published 11/03/2011, 08:49 AM
Updated 03/09/2019, 08:30 AM
GC
-0.10%
SI
-0.48%
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: - 1705.16 and 1698.73(main). Break of the latter will give 1687.50, where a correction is possible. Then 1659.38, where a correction is also possible. Be there a strong impulse, we would see 1642.58. Continuation wil give 1623.11.

Resistance: - 1747.50 and 1755.03(main), where a correction may happen. Break would bring 1770.87, where a correction may also happen. Then follows 1792.38. Be there a strong impulse, we’d see 1822.40. Continuation would bring 1843.74.

SILVER

Support: - 33.09, 32.71 and 32.40(main).where correction is possible. Break of the latter would give 32.14, where correction may happen. Then goes 31.86. If a strong impulse, we would see 31.62. Continuation would give 31.48 and 31.24.

Resistance : - 34.23 and 34.66(main), where correction is possible. Break will lead 34.86, where again may be a correction. Then follows 35.10. If a strong impulse, we would have 35.49. Continuation would give 36.00.

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