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 17th 2014

22 sec read

Gold
Gold bounce sharply as expected & broken the $1172-1182 resistance area turned into support now. After a sharp rise, profit booking is always been a normal thing. We expect to retest the support zone before making another upside move.

gold

 
Silver
Silver broken the major resistance $15.70 as mention many times earlier & moved more than 3% after that. However same as gold this sharp move should lead to a profit booking once.

silver

Copper
Copper moved higher while long term picture is still bearish. Momentum fading as it is reaching close to resistance area once again. A negative movement may start for the week again.

copper

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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