Commodities Report

Market Movements Report Time: 04-Dec-2018 06:11 EST
Symbol Latest Price Daily Change
EURUSD 1.141  0.25%
USDJPY 112.756  0.3%
GBPUSD 1.282  0.55%
USDCHF 0.994  0.16%
Dow 25,826.09  0%
Nasdaq 7,051.74  0%
S&P 500 2,790.48  0%
FTSE 7,044.5  0.12%
Market Reports are generated 3 times per day before the open of Tokyo, London and New York. These reports provide you with a snapshot of the technical outlook of the markets before the opening of the major financial centres.

Market movements show change in price from the same report 24 hours earlier.
Supporting RSI and Moving Averages are 34 candles
TP: Last Turning Point – used to identify Support (SL) and Resistance (RL) Levels

Wheat
27-Nov-08:00 -> 04-Dec-06:00
Target Level: 353.0000
SL: (A) 348.9000 Last TP of Triangle
RL: (B) 353.0000 Last TP of Triangle
Target Period: 8 hours
Interval 30 Minutes
Pattern Triangle
Length 51 Candles
Identified 04-Dec-05:30
Triangle identified at 04-Dec-05:30. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 353.0000 within the next 8 hours.
Supported by Upward sloping Moving Average
Soybean Meal
26-Nov-07:00 -> 04-Dec-06:00
Target Level: 319.1000
SL: (A) 312.8000 Last TP of Channel Up
RL: (B) 319.1000 Last TP of Channel Up
Target Period: 22 hours
Interval 1 hour
Pattern Channel Up
Length 71 Candles
Identified 04-Dec-05:00
Channel Up identified at 04-Dec-05:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 319.1000 within the next 22 hours.
Supported by Upward sloping Moving Average
Orange Juice
26-Oct-10:00 -> 03-Dec-14:00
Target Level: 138.0000
SL: (A) 138.0000 Last TP of Rising Wedge
RL: (B) 144.9000 Last TP of Rising Wedge
Target Period: 2 days
Interval 30 Minutes
Pattern Rising Wedge
Length 238 Candles
Identified 03-Dec-09:00
Rising Wedge identified at 03-Dec-09:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 138.0000 within the next 2 days.
Supported by RSI above 60
Copper
19-Nov-16:00 -> 04-Dec-08:00
Target Level: 2.7510
SL: (A) 2.7685 Last TP of Flag
RL: (B) 2.8580 Last TP of Flag
Target Period: 15 hours
Interval 4 hour
Pattern Flag
Length 25 Candles
Identified 03-Dec-16:00
Flag has broken through the support line at 03-Dec-16:00. Possible bearish price movement forecast for the next 15 hours towards 2.7510.
Gold
02-Dec-21:30 -> 04-Dec-06:00
Target Level: 1229.4000
SL: (A) 1229.4000 Last TP of Channel Up
RL: (B) 1241.0100 Last TP of Channel Up
Target Period: 7 hours
Interval 15 Minutes
Pattern Channel Up
Length 85 Candles
Identified 04-Dec-06:00
Channel Up identified at 04-Dec-06:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1229.4000 within the next 7 hours.
Silver
14-Nov-04:00 -> 04-Dec-08:00
Target Level: 14.6025
SL: (A) 14.0300 Last TP of Falling Wedge
Target Period: 2 days
Interval 4 hour
Pattern Falling Wedge
Length 42 Candles
Identified 03-Dec-04:00
Falling Wedge has broken through the resistance line at 03-Dec-04:00. Possible bullish price movement forecast for the next 2 days towards 14.6025.
Supported by Upward sloping Moving Average
Platinum
12-Nov-04:00 -> 04-Dec-08:00
Target Level: 799.2000
SL: (A) 799.2000 Last TP of Falling Wedge
RL: (B) 814.8000 Last TP of Falling Wedge
Target Period: 3 days
Interval 4 hour
Pattern Falling Wedge
Length 57 Candles
Identified 03-Dec-20:00
Falling Wedge identified at 03-Dec-20:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 799.2000 within the next 3 days.
Supported by Downward sloping Moving Average
Natural Gas
12-Nov-20:00 -> 04-Dec-08:00
Target Level: 4.7760
SL: (A) 4.2430 Last TP of Triangle
RL: (B) 4.7760 Last TP of Triangle
Target Period: 3 days
Interval 4 hour
Pattern Triangle
Length 54 Candles
Identified 04-Dec-00:00
Triangle identified at 04-Dec-00:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 4.7760 within the next 3 days.

signals

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