Commodity Blog

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• Technical Analysis, June 11th — June 15th, 2012
• Crude Oil Falls, Pares Losses on Hopes for Spain
• Commodity Prices — June 8th 2012

Technical Analysis, June 11th — June 15th, 2012 Posted: 09 Jun 2012 01:28 AM PDT The technical analysis, that includes the indicators' data and major pivot points for Brent Oil, Gold, Silver and Copper as traded on spot market as of June 9th, 2012: Indicators Moving Averages RSI Parabolic SAR CCI Oil Short Oversold Long Neutral Gold Short Neutral Long Neutral Silver Short Neutral Long Neutral Copper Short Neutral Long Short Floor Pivot Points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res Oil 89.36 92.50 96.17 99.31 102.98 106.12 109.79 Gold 1490.93 1530.27 1561.03 1600.37 1631.13 1670.47 1701.23 Silver 25.71 26.81 27.67 28.77 29.62 30.72 31.58 Copper 303.02 313.78 321.07 331.83 339.12 349.88 357.17 Woodie’s Pivot Points 2nd Sup 1st Sup Pivot 1st Res 2nd Res Oil 92.63 96.45 99.44 103.26 106.25 Gold 1528.13 1556.75 1598.23 1626.85 1668.33 Silver 26.75 27.54 28.70 29.50 30.66 Copper 312.91 319.33 330.96 337.38 349.01 Camarilla Pivot Points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res Oil 96.10 97.98 98.60 99.23 100.47 101.10 101.72 103.60 Gold 1553.25 1572.52 1578.95 1585.37 1598.23 1604.65 1611.08 1630.36 Silver 27.44 27.98 28.16 28.34 28.70 28.88 29.06 29.60 Copper 318.42 323.39 325.04 326.70 330.00 331.66 333.31 338.28 Fibonacci Retracement Levels Oil Gold Silver Copper 100.0% 102.44 1639.70 29.87 342.60 61.8% 99.84 1612.92 29.12 335.70 50.0% 99.04 1604.65 28.89 333.58 38.2% 98.23 1596.38 28.66 331.45 23.6% 97.24 1586.14 28.37 328.81 0.0% 95.63 1569.60 27.91 324.55 (...) Read the rest of Technical Analysis, June 11th — June 15th, 2012 (15 words) Posted on Commodity blog.

Crude Oil Falls, Pares Losses on Hopes for Spain Posted: 08 Jun 2012 01:23 PM PDT Crude oil rebounded from its earlier losses today on hopes that Spain will get rescue. There are rumors that eurozone finance ministers are planning to meet on the weekend to discuss a bailout for the indebted country. Traders were happy to hear that European leaders do not sit idle and try to do something. Earlier, crude was heading to weekly losses, but now it looks like the commodity will post a weekly gain. The earlier drop was caused by negative macroeconomic data coming from Europe. French budget balance deficit deepened and Italian industrial production contracted 1.9 percent in April from a month before. Yesterday’s comments of Federal Reserve Chairman Ben Bernanke continued to spoil traders’ mood today. For now, market sentiment somewhat improved, allowing oil to pare losses. July futures for delivery of crude oil slipped $0.72 (0.8 percent) to $84.10 per barrel on NYMEX. Prices headed to a 1 percent gain this week. Brent crude advanced from $99.22 to $99.97 per barrel as of 20:13 GMT on ICE today, following the earlier decline to $97.20. (...) Read the rest of Crude Oil Falls, Pares Losses on Hopes for Spain (12 words) Posted on Commodity blog.

Commodity Prices — June 8th 2012 Posted: 08 Jun 2012 11:40 AM PDT Latest commodity prices (ICE, NYMEX, CME) as of 18:38 GMT: Oil (Brent) — $99.53 per barrel. Gold — $1,592.00 per troy ounce. Silver — $28.52 per troy ounce. Palladium — $601.65 per troy ounce. Platinum — $1,434.70 per troy ounce. Copper — $328.35 per 100 pounds. Cocoa — $2,205.00 per metric ton. Sugar — $19.95 per 100 pounds. Corn — $598.25 per 100 bushels. Soybean — $1,426.50 per 100 bushels. Posted on Commodity blog.

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