Mantraa Commodity Mantra commodity is an analyst group involved in technical analysis of all major commodities gold, silver, crude, copper, natural gas etc. Mantra commodity serving to clients from last 7 years & made a strong bond of trust with our dedication towards work.Our main functioning area is .Technical analysis on all major commodities available HERE. Or you can write us on mantracommodity@yahoo.com HaPpY TrAdInG.

Daily commodity technical analysis – November 12, 2014

46 sec read

Gold fail to get stability above $1172 mark & fall back. However the move was not well supported by volume due to bank holiday in US market. Coming back to technical an triangle pattern ranging from $1172 – $1153 will declare the direction with break out.

gold

 
Silver trading in tight range after touching the lower trend line of current descending channel around $15 mark. However the gain is still limited & need a very strong upside move with volume to overcome. Probably above $15.75 we witness some cheer for bulls.

silver

Copper trading in very tight range for more than 10 weeks now & probably with a negative tone, which might continue with slower economy sentiment from china & euro. Still an upside move can be used as selling opportunity.

copper

Crude trading very quite after a sharp fall. The current silence hinting for big move ahead, most probably for a downside & crude could retest previous low around &75 & even more.

crude

Natural gas retested the broken resistance turned into support as expected. Winter arrival northeast US is ready to inter in central US as well going to impact some of southern area for coming 2 weeks. A sharp upside move can occur above $4.3.

natural gas

Note –  Above studies do not represent our buy sell recommendation. For recommendation Contact Us

Mantraa Commodity Mantra commodity is an analyst group involved in technical analysis of all major commodities gold, silver, crude, copper, natural gas etc. Mantra commodity serving to clients from last 7 years & made a strong bond of trust with our dedication towards work.Our main functioning area is .Technical analysis on all major commodities available HERE. Or you can write us on mantracommodity@yahoo.com HaPpY TrAdInG.

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