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Commodities Report(2015.12.08)

Source: Avatrade Forex Broker (Review and Forex Rebates up to 85%)

 

Crude Oil

Summary :
Target Level : 37.353
Target Period : 4 hours

Analysis :
Possible bearish price movement towards the support 37.353 within the next 4 hours.

Supporting Indicators :
Downward sloping Moving Average

Resistance Levels :
( B ) 38.0774 hour high volatility level

Support Levels
( A ) 37.3534 hour low volatility level

oilchart

Coffee
Summary :
Target Level : 124.3389
Target Period : 7 hours

Analysis :
Rising Wedge has broken through the support line at 07-Dec-17:00 2015 GMT. Possible bearish price movement forecast for the next 7 hours towards 124.339.

Resistance Levels :
( A ) 128.225Last resistance turning point of Rising Wedge.

Support Levels

 

coffee

Wheat

Summary :
Target Level : 399.15
Target Period : 3 days

Analysis :
Rising Wedge identified at 07-Dec-13:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 399.15 within the next 3 days.

Resistance Levels :
( B ) 422.05Last resistance turning point of Rising Wedge.

Support Levels
( A ) 399.15Last support turning point of Rising Wedge.

wheat

Corn

Summary :
Target Level : 2306.1995
Target Period : 4 hours

Analysis :
Possible bullish price movement towards the resistance 2306.1995 within the next 4 hours.

Supporting Indicators :
Upward sloping Moving Average

Resistance Levels :
( A ) 2306.19954 hour high volatility level

Support Levels
( B ) 2289.80054 hour low volatility level

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Reply

Jack Says

0 1

It seems there is a good position to sell coffee !



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