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 Overview – 3rd Nov 2014

47 sec read

Gold consolidating after sharp fall & trying to retest the broken support level turned into resistance. WE may witness more weakness as far as $1182 area remains as EOD resistance.

Gold 30 min Charts
gold

 
Silver falls in sync with gold , however area around $15.94 represent 161.8% fibonacci retracement of last minor up move which could delay the further downside move. A move below this mark with volume will open door for more downside move.

Silver 30min Charts
silver

Copper trading in a falling wedge pattern which generally provide an upside breakout. However breakout is still pending. A break will provide clear bull run, till then enjoy the trendline support resistance.

Copper Hourly Charts
copper

Crude oil continue bouncing from support zone while a break from descending channel may provide some boost to price. However this move could be short lived & bears will enter again on higher levels around $83-84.

Crude Oil 30min Charts
crude

Natural gas provided a gap up opening as winter given first knock knock in US on this weekend. This move could continue on technical front only if this week inventory support price else a profit booking possible before resuming upside move.

Natural Gas Hourly Charts
natural gas

Note – above studies represent only observations based on past experience and does not represent any buy/sell recommendations. 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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