Commodities technical analysis 4/04/2017

Commodities technical analysis XAUUSD, XAGUSD, OIL, NAT GAS, WHEAT, COTTON, COPPER

Click on the chart image to enlarge it


Look only for short trades for now as long the instrument is below 1270 level. SL on short trades above the 1260 level. There is a retest of the falling trend line. We need to see a daily close below 1220 level for downside continuation. No change in view.



Silver is testing the long-term falling trend line 18-18.20 zone. Rejection from here is important from a downtrend continuation. Invalidation of the long-term downtrend only in the case of the clear daily close above 18.20. Staying aside for now.


The instrument is reaching the selling 51-51.650 zone. Look only for short entries for now with SL above 52.



Natural gas is again in the selling zone retesting falling trend line 3.100-3.200 selling zone. Look now only for the short trade entries with SL above 3.2000. No change in view the daily close below 2.950 is required for the downside continuation.



We prefer short trades for now. Rejection from 450 level and a falling trend line are confirming near-term bearish view. We have a daily close below 442 level also a 100 SMA and we could see a retest of 409 level. SL on short entries above 450. No change in view.


The instrument is rejected from 79 level and only short entries level are recommended with SL above 79 on this pullback. The clear daily close below 77.50 level is required for the downside reversal near-term.We have a break below this level and this is opening 73-74 target zone. This zone is important for the reversal to the downside or an upside continuation.


The instrument has broken below the wedge and the downside continuation is in play. SL on short entries above 275 targeting 254 and 240.  The instrument is now in the process of breaking below the 100 SMA 262 level. The retest of 200 SMA 240.30 level is the next target.


Commodities rising with stock indices and we are bullish on most of them except gold, silver, and energies for now.

A commodity market is a physical or virtual marketplace for buying, selling and trading raw or primary products, and there are currently about 50 major commodity markets worldwide that facilitate investment trade in approximately 100 primary commodities.

What are examples of commodities?Commodities are split into two types: hard and soft commodities. Hard commodities are typically natural resources that must be mined or extracted (such as gold, rubber, and oil), whereas soft commodities are agricultural products or livestock (such as corn, wheat, coffee, sugar, soybeans, and pork).

Technical analysis on commodities is just an indication of possible price movement and does not indicate any trade action which could be initiated by investors and members of this site.

Scroll to Top