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FxWirePro: Daily Commodity Tracker - 5th June, 2020

Daily Commodity Tracker WTI (US OIL): Daily trend - Neutral, 110-EMA offers strong support Overbought/ Oversold index: Oscillators are at overbought, scope for rollback Volatility: High on the daily chart; low and rising…

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FxWirePro: Daily Commodity Tracker - 5th June, 2020
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Daily Commodity Tracker

WTI (US OIL):

Daily trend - Neutral, 110-EMA offers strong support

Overbought/ Oversold index: Oscillators are at overbought, scope for rollback

Volatility: High on the daily chart; low and rising on the hourly chart

Previous Week High/Low: 35.75/ 31.16

Previous Day High/Low: 37.60/ 36.40

GOLD (XAU/USD):

Daily trend - Bearish, recovery capped below 200H MA

Overbought/ Oversold index: Oscillators are in neutral territory and biased lower

Volatility: High on the daily chart; shrinking on the hourly chart

Previous Week High/Low: 1737.914/ 1694.006

Previous Day High/Low: 1721.483/ 1697.342

SILVER (XAG/USD):

Daily trend - Neutral

Overbought/ Oversold index: Oscillators have rolled back into neutral territory

Volatility: High, shrinking on the daily chart; low on the hourly chart

Previous Week High/Low: 17.91/ 16.85

Previous Day High/Low: 17.85/ 17.47

COPPER (XCU/USD):

Daily trend - Neutral, scope for upside resumption

Overbought/ Oversold index: Oscillators are at overbought, momentum bullish

Volatility: Rising on the daily chart and shrinking on the hourly chart

Previous Week High/Low: 2.457/ 2.357

Previous Day High/Low: 2.502/ 2.454

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